Dear Sir, I am going through immense mental trauma due to constant pressurization from my in-laws for property registered in my name. They are constantly demanding / harrasing me to transfer property to my wifes name. I find this as an unreasoable demand. In order to stop this harrasment I have decided to gift this property (flat) to my sister or any of my immediate relative. I am an NRI, so I am entitled to gift the property (flat). My question, dear Sir is :
1. Do I have to re-register this property again.
2. Since I am not selling this but gifting this to my sister, do I need to go and re-register the property in her name.
3. Can this property just be transffered, by making society agrrement or transffering share certificates in new owners name.
Its important to mention that this property is a flat in a reputed society.
So what is the best way to go about my problem ?