Release deed consideration
Release deed consideration
Which is the best way to pay consideration without showing in a release deed of blood relatives property nomination relinquishment and justifying the transaction being compensated
2 years ago
A. It will be difficult to link the release deed transaction with the consideration amount as you cannot later on take it as evidence to showcase is was said. Reason being if you do it then the court will consider this as illegal action to avoid the stamp duty. So, either you mention the consideration amount in the deed or just take it in any form with a risk that you cannot show that as proof in any court of law, if required.
Release deed
3 blood sisters nominees in property, father (owner) deceased. 2 sisters want to relinquish their name from nomination by release deed. How to show consideration, will it attract stamp duty?
2 years ago
A. Hi,
For a Release deed to be legally acceptable and valid, it must be registered. When such a deed is registered, the stamp duty is paid. However, showing the payment of consideration would change the form of the release deed to a sale deed which would attract more taxes.
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Adv. Sarika Khude
Daughter rights in mother self income property..
Daughters rights in mother property bought by mother self income.. If mother died without any will.. Son vl be sole owner in case of mother property widout will
2 years ago
A. Hi, for right in the self-acquired property of a mother, it is essential to understand the following things:
1. All the property acquired by a woman becomes self-acquired property.
2. Self-acquired property can be disposed of in any manner.
3. Any right in the self-acquired property arises whenever the person dies intestate
4. If a Hindu mother dies intestate, the property gets devolved as per the Hindu Succession Act.
The Act says that the property of a woman gets devolved to:
1. her childre ...ReadMore
Advocate Sinjari Bandyopadhyaya
Daughter right in mother property
What is the rights of daughter in mother property
2 years ago
A. Daughter has equal right in mother's property. On and from December 20,2004, daughter has equal right in ancestral property also as per the Amendment Act of 2015 of the Hindu Succession Act. Daughter has the right to Partition also.
Advocate Sinjari Bandyopadhyaya
Gift deed from mother to daughter
My sister is studied upto 12th standard in mysore district. After two years she got married to software engineer. After two years she went and settled in USA with husband. Now my mother want to gift d
2 years ago
A. Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018 allows an NRI /OCI to receive a property in India as gift by following certain procedures. It is allowed under the law and your mother can transfer the property through gift deed to your sister. The another way is that she can write a will favouring your sister.
Property Division
Hi My Grandfather has two sons - My father and my uncle. My Grandfather had 1 shop where both my father and uncle works. Two houses - which is acquired by each of his sons. We wanted to divide the pro
2 years ago
A. You should not pay for his sons education and certainly you should not pay the 50% of the salary to your uncle. At max the 50% of the value of the shop can be given to him which means that it is like partition/division of the property and after taking cash for his rights he will have no more right on the property.
Revocation of gift deed after donee's death
Sir, my mother gifted a property to my maternal grandfather in 2017 My mother was forced by my maternal grandfather for this gift My grandfather died this year i.e 2021 Can my mother claim it back?
2 years ago
A. Hi, a deed of gift once executed and registered cannot be revoked, unless the mandatory requirement of Section 126 of Transfer of Property Act, 1882 is fulfilled. Section 126 of Transfer of Property Act, 1882 deals with when gift may be suspended or
revoked. According to it, the donor and donee may agree that on the happening of any specified event which does not depend on the will of the donor a gift shall be suspended or revoked but a gift which the parties agree shall be revocable wholly or i ...ReadMore
Vaidehi Samant
Regarding Ancestral Property
I want to claim my share in my ancestral property,which is now in my parent's name.I would want to know how will it be divided & what is the process to get my share to sell?
2 years ago
A. First of all, for the sake of clarification, A father (current owner of the ancestral property) and his son have equal ownership rights over the property. However, the share of each generation (the father and his siblings) is decided first after which the successive generations have to subdivide the portion inherited from their corresponding predecessor. So in your case as well, this is how your ancestral property will be divided.
In order to get your share to the property, you can file a suit ...ReadMore
Advocate Sinjari Bandyopadhyaya
tenant cooperative housingsociety plots
Can a tenant cooperative housing society in Maharashtra transfer its ownership rights of the land belonging to the society to its members and remain just on paper society and that too with paying a st
2 years ago
A. Hi, it seems more details with regard to this question will be helpful. Who is the owner of the property? For how long have they been the owner? Please provide more details to enable me to answer your query better.
Apartment had 3 sales deed executed 2004, 2006 and 2014!, 2004 sale deed is lost, have 2006 /2014 originals, Bank isn't approving loan.
Hello experts, I am interested in buying a resale flat which was built in 2004 and sold to Sajid(A), somehow 'A' lost the sale deed but had Attested copy. 'A' sold the property to Sandeep (B) in 2006
2 years ago
A. Hi, first priority should be to revive the original sale deed.
1. The first step is to visit the nearest police station and file a first information report (FIR).
2. A notice should be published in English and regional language newspapers stating particulars of the property, documents lost and contact details should anyone find the missing papers.
3. The owner has to make an undertaking on stamp paper, to be submitted at the registrar’s office, with details of the property, lost documents, co ...ReadMore
