A person release his ancestral land in fvour of one son and son gift it to his son Z.
these transaction happened in 5 years.
Now, son Z wants loan on the said land.
Is there any problem in title deed?
Vikash yadav (not applicable) 25 May 2012
A person release his ancestral land in fvour of one son and son gift it to his son Z.
these transaction happened in 5 years.
Now, son Z wants loan on the said land.
Is there any problem in title deed?
Y V Vishweshwar Rao (Advocate ) 25 May 2012
The Regd Gift Deed & Regd Release Deed are Ttile Deeds, as primary and as Link Documents respectively. The further records/Docuemtns transactiosn are coverign only for 5 years . Put all the documents and reocrs prior to Regd Release deed for at least 15 years to make godd Title and Possession for a period of 15 years .These all Title Deeds to be cosnidered for Loan .
Surendra Gupta (Banker) 28 May 2012
The ancestral property caanot to be gifted legally to one son by ignoring the legal claim of all other claimants. Since the claim of Z on the property is not leagl, bank will not grant any facility against the secuirty of the said property. I presume you are a hindu as I am mentioning my opinion as applicable to hindus
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