regarding gift deed for temple
2 years ago
We have small land and out of 10 members 8 members are come to decision to give our partitions to temple with gift deed and this land is ancestral property so pls advise how to proceed is it possible to give the land to temple with gift deed and what is the procedure
A.Dear Sir,
You eight people may execute gift deed in favour of temple and give the possession of your shares. Then nobody come forward to support the remaining two persons who are unwilling to gift the property.
You eight people may execute gift deed in favour of temple and give the possession of your shares. Then nobody come forward to support the remaining two persons who are unwilling to gift the property.
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A.Dear Client,
Gifts that involve immovable property should be registered under the Transfer of Property Act. Unless registration of the gift deed is completed, the title does not pass on to the donee, in case of gift of immovable property. Stamp duty shall be payable based on the value of the gift.
Hope this clarifies your doubt and requirement.
Thank You.
Gifts that involve immovable property should be registered under the Transfer of Property Act. Unless registration of the gift deed is completed, the title does not pass on to the donee, in case of gift of immovable property. Stamp duty shall be payable based on the value of the gift.
Hope this clarifies your doubt and requirement.
Thank You.
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