Sridhar V Sridhar (Employee) 12 November 2015
What is the difference between Sale deed registration or gift deed registration in legal view? Whether the person or his legal heirs, who gave a property gift, have any right to revoke the gift given in earlier? What is the drawbacks of gift deed registration?
kavksatyanarayana (subregistrar/supdt.(retired)) 12 November 2015
Author, the Sale is for a consideration of a certain amount and whereas the Gift deed is given by donor without consideration and it will be provided as charity or a gift to the relatives. the gift costs stamp duty is less than the conveyance. other than relatives it will be considered as pure gift and it requires stamp duty as sale. The donor will have right to cancel the gift deed.
dr g balakrishnan (advocate/counsel supreme court) 12 November 2015
satyanarayana is right.
Kumar Doab (FIN) 13 November 2015
Gift or sale can be made by the person who is owner or has attained status equal to that of owner.
The defects are possible in both.
Yuo may first show all docs on record of property to an able counsel specializing in such/property/family/revenue/civil matters and well versed with local state laws as well.
Sridhar V Sridhar (Employee) 17 November 2015
Thanks to all.
Can you please eloborate the last line of Satyanarayana sir, "The donor will have right to cancel the gift deed".
In view point of whether the person or his legal heirs, who gave a property gift, have any right to revoke the gift given in earlier? Is there is any time bar??
Even the same rule applicable to registered deed?
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