can my father amend gift deed of land which is already registered
5 years ago
Sir, My father has gifted his land to me. In the mother deed of my father which was made on understanding with his three other brothers. There are some terms & conditions in the mother deed. one of those is no body need to leave land as per municipal act in case of new construction on it. his brothers made their construction as per that point. but that point is not mentioned in my gift deed. may that point applicable to me. If not, can my father incorporate in my gift deed although the gift deed is registered and I have made a construction on it and mutation also done. what are the process of incorporation
A.Dear Sir,
A gift deed cannot be amended and cancelled without your consent.
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.
For full procedure contact me on mobile through Vidhikarya.
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A gift deed cannot be amended and cancelled without your consent.
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.
For full procedure contact me on mobile through Vidhikarya.
Rate me Five Star *
Please visit the following link.
https://vidhikarya.com/LawyerRating/9506c43f5d0b2d266a07
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