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Property is gifted to person
9 months ago
Dear Sir/ Madam if a property is gifted to person but it is not registered mutually they have done as gift deed agreement but not registered as just for family person but it's in our physical position need to get it done on our name how to get it done please advise me
A.Dear Client,
Section 122 of the Transfer of Property Act, 1882 defines a gift as the voluntary and uncompensated transfer of title of specific and existing movable or immovable property from one person, known as the donor, to another, known as the donee, and accepted by or on behalf of the donee. If the recipient donee dies before accepting, the gift is invalid. So, if both donor and donee is alive, then a Deed of Gift be executed and registered by the Registering authority u/s.17 of the Registration Act,1908 to make it valid and enforceable.
Section 122 of the Transfer of Property Act, 1882 defines a gift as the voluntary and uncompensated transfer of title of specific and existing movable or immovable property from one person, known as the donor, to another, known as the donee, and accepted by or on behalf of the donee. If the recipient donee dies before accepting, the gift is invalid. So, if both donor and donee is alive, then a Deed of Gift be executed and registered by the Registering authority u/s.17 of the Registration Act,1908 to make it valid and enforceable.
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A.Dear client,
You need to get a gift deed drafted by a lawyer then and then get that gift deed registered with the registrar or sub-registrar for making the gift deed valid and legal by paying the requisite stamp duty and registration charges.
You need to get a gift deed drafted by a lawyer then and then get that gift deed registered with the registrar or sub-registrar for making the gift deed valid and legal by paying the requisite stamp duty and registration charges.
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