registered gift deed value
5 years ago
sir, my father died in 2010 April, in 2001 society alloted bda site to father. In 2007 he gifted site to my younger brother registered. After death of father in 2010 , my brother gifted the site to myself registered in 2010. I am elder to my brother .
After 8 years my younger brother asking to return the site, saying he will file case in court and also cancel the deed which was registered to myself.
Pls suggest me what I have to do for the safety of my property
.
my nos is 9035321753 whatsup
A.Dear Sir,
He cannot cancel the gift without your consent. The law is as follows. Please come to my office in Bengaluru I will tell more suggestions.
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Gift Deed – once registred no cancellation
A gift is a money or house, shares, jewellery, etc. that is received without thought, or merely an asset acquired without making a payment against it and is a capital asset for the ‘Recipient.’ It can be as cash or movable property or immovable property.
If you might want to gift the property to any of your blood relatives, Gift deed can be used. In the case of immovable property, it is required to register the Gift Deed as per Section 17 of the Registration Act, 1908.
This kind of transfer is unavoidable. When you gift the assets like land, it belongs to the beneficiary or receiver of the gift and you cannot switch the transfer or even ask money related compensation.
It can be a cost effective method of transferring the ownership.
He cannot cancel the gift without your consent. The law is as follows. Please come to my office in Bengaluru I will tell more suggestions.
================================================================================================================
Gift Deed – once registred no cancellation
A gift is a money or house, shares, jewellery, etc. that is received without thought, or merely an asset acquired without making a payment against it and is a capital asset for the ‘Recipient.’ It can be as cash or movable property or immovable property.
If you might want to gift the property to any of your blood relatives, Gift deed can be used. In the case of immovable property, it is required to register the Gift Deed as per Section 17 of the Registration Act, 1908.
This kind of transfer is unavoidable. When you gift the assets like land, it belongs to the beneficiary or receiver of the gift and you cannot switch the transfer or even ask money related compensation.
It can be a cost effective method of transferring the ownership.
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MANOJ KUMAR
Responded 5 years ago
A.After registration of gift deed it cannot be cancelled after passing of 1 year
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NILANJAN CHATTERJEE
Responded 5 years ago
A.A gift deed cannot be conditional so, cancellation of Gift Deed is near to impossible except in certain cases.
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