In case of a property belonging to someone and if that person wants to do deed of gift between 2 child among 5 what are the chances. What is the process and cost overall.
sayantan 04 December 2015
In case of a property belonging to someone and if that person wants to do deed of gift between 2 child among 5 what are the chances. What is the process and cost overall.
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 05 December 2015
A voluntary conveyance of land, or transfer of goods, from one person to another, made gratuitously, and not upon any consideration of blood or money
Under Section 123 of the Transfer of Property Act, a gift of property, which is not registered, is bad in law and cannot confer title to the donee. Gift Deed should be stamped and registered as required. Mere delivering possession without a written instrument cannot confer any title. A deed cannot be dispensed with even for a property of small value. Attestation by two witnesses is required. This provision excludes every other mode of transfer and even if the intended donee is put in possession, a gift of property is invalid without a registered instrument.
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