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Q. Transfer of ownership of parental property

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Anonymous

posted 8 months ago

Q.Transfer of ownership of parental property
What would be great way if parent want to transfer ownership to son while they alive and cannot be claimed by daughters in future.
Also how much it could cost overall?

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 7 months ago

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A. ) a registered Gift deed. Registration fees is nominal. Contact Vidhikarya for assigning a lawyer for registration

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 8 months ago

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A. ) U can make gift deed in fever of Ur son .

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 8 months ago

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A. ) Dear Sir,
The father may execute Gift deed since it is his self acquired property as such the daughter cannot object for the same. The stamp duty may be checked on the Government Website of department of stamps and registration.

For full procedure contact me on mobile through Vidhikarya.

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Shreyash Mohta

Experience: 1 Year(s)

Responded 8 months ago

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A. ) There are a variety of ways whereby you can transfer the ownership of the property to the son while alive. However, If such a property is an ancestral property then you will have to take a NOC from the daughters as not taking that will bring trouble to your son as even the daughters can claim their right of share in it. If the property is owned by the parents [not being an ancestral property] then, they can make a gratuitous gift by way of a gift deed, or else merely transfer the ownership by way of a transfer of ownership deed, they can even make a will while alive and relinquish the rights of the daughters and state that such property's ownership is exclusively given to the son. Any such deed should [expressly] contain that the right of the daughters is not allowed here and that they will not be allowed o claim or receive anything from such property as it is exclusively given to the son.

Hope this helped

Shreyash Mohta

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Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 8 months ago

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A. ) Dear Client,
This is unfair and illegal in the eyes of law.
Both son and daughter have equal right over the parental property.
Remember both have also equal responsibility to take cate of the parents during the old age.
Shanti Ranjan Behera
Advocate

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