Gift - payment for property
Shailender Bali
(Querist) 23 November 2014
This query is : Resolved
Experts,
If A has made 2 payments for purchase of a property. The property is not yet registered in the name of A.
Now A wants to gift these payments to sister-in-law. The balance amount will be paid by the sister-in-law and the registration of property will also be in her name.
How to show the gift of 2 payments? It is in relation to purchase of property. Do A has to make a registered gift deed and pay stamp duty (either by A or by sister-in-law) or the simple gift deed will be enough mentioning the payments have been made on behalf of sister-in-law.
Thanks and Regards
Raj Kumar Makkad
(Expert) 23 November 2014
Merely simple gift-deed shall suffice but it shall be better to take the seller in confidence so that he may not refuse to get the registration of the property in the name of your sister in law. A clear writing in the shape of an undertaking should also be got obtained from the seller, if not already specifically mentioned in the agreement to sale in that regard.
Devajyoti Barman
(Expert) 23 November 2014
In the registered deed of sale you can add the name of SIL and you show yourself as a confirming party.
Shailender Bali
(Querist) 23 November 2014
Thanks for your replies Raj sir and Devajyoti sir!
The registration will be done solely in the name of sister-in law. Mr. A will not figure in registered deed.
Regards
Surender Kumar Sharma
(Expert) 24 November 2014
IF the seller have no objection go for direct registration in the name of SIL
Rajendra K Goyal
(Expert) 24 November 2014
Seller can directly register the property in the name of your SIL, if he agrees and you have no objection.
T. Kalaiselvan, Advocate
(Expert) 27 November 2014
If the sale agreement has not been registered, you may ask the vendor to execute the registered sale deed in favor of SIL directly on receipt of balance of sale consideration amount and cancelling the sale agreement mutually.
Guest
(Expert) 10 December 2014
Well Advised by Experts
Anirudh
(Expert) 10 December 2014
SHAME ON THIS FELLOW TO ATTEND THIS OLD QUERY.
HE IS TRYING ALL THESE GIMMICS TO HIDE HIS FALSE AND FRADULENT PROFILE.
This fellow cannot even be a last person one can consult for any advice.
This fellow is good for nothing. Many a times he gives advices which are not supported by law.
TAKE THIS FELLOWS FALSITY IN HIS PROFILE. THIS FELLOW ATTACHES MORE IMPORTANCE TO THE PROFILE, WHILE HE IS FILLING UP TOTAL FALSE HOOD IN HIS PROFILE.
please visit the following link:
http://www.lawyersclubindia.com/lawyers_search/N-J-S-Rajkumar-alias-narasimha-254519.asp#.VIcRwmeHPFx
where he claims that he is practising from 2001, while as already indicated by me, he was enrolled only in the year 2012!!! CAN ANYBODY PRACTICE BEFORE ENROLMENT? IF ONE DOES SUCH A PRACTICE IS HE NOT FIT TO BE CALLED A "FRAUD"?
N.J.S.Rajkumar alias narasimha's Details
Listed Under
Business Law
Civil Law
Criminal Law
Practicing Since
2001
Specialization
SEBI and SEBI RELATED CASES
Court
Others
Address
54,PARASURAMA EASWARAN KOIL WEST MADA STREET,AYANAVARAM,CHENNAI 600023
Other Details
rajkumar_wins@rediffmail.com 9444036927
Therefore, before taking advice, the querist should be too careful
