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Anonymous   01 November 2009 at 14:11

Is sale deed required for gift deed?

I have a flat in a building in my single name in Pune Muncipal corporation area, Maharashtra. I want to gift it to my sister by executing gift deed.

I purchased the flat from builder after executing and registering agreement to sale. I have got possession of flat in 2006. Local electricity bill (MSEB) for the flat comes in my name. Also property tax bill from Pune Muncipality comes in my name. But Builder has noy yet executed sale deed and also he has not formed any apartment or society for the building.

Is it possible to execute gift deed given that there is no sale deed and no apartment formation?

Anonymous   01 November 2009 at 09:59

Documents required

I have a plot on the Jaipur-Ajmer expressway in a city proposed by Ranka Colonizer's Pvt. Ltd.- "SACHIVALYA ENCLAVE", it is next to OMAXE CITY & VATIKA CITY on the Ajmer Road. Recently received a letter from the developer for the final payment and taking the possesion. I was told that this land was first approved by the collector of that area and now JDA also covers it. I wanted to confirm wether this land is approved by JDA or not.For the confirmation, strong documentation and being legally sound and to be on the safer side, which documents availability by the developer to me will make my investment safe.Which all documents should i ask for ? ? like registery, any document as a proof of being JDA approved ? ? ?
Thank You,
Ravdeep Chadha

sanjeev   01 November 2009 at 09:16

Rights of a flat owner

The original plot owner had passed away in 1993 and before his death he had given his property for development to a builder. The builder by 1992 sold all the flats and now in 2009 he has gone ahead and sold the Common terrace can he do it secondly does the Power Of Attorney given to the builder still exist in 2009 when the owner of the plot has passed away in 1993.

Anonymous   31 October 2009 at 23:14

Is Stridhana property considered as shared property

Hi,

We are Hindus belongs to Karnataka. My father gifted a property(site)to his sister as Stridhana(In deed it is mentioned as "Stridhanakkagi"). At that time, my grand father was deceased and all the properties were transferred to my father by surviorship. This is gifted in 1980s. Now, in 2007, my father's sister is (filed a case) asking for equal share in our property. Does she has rights to claim share in our property? Does the gifted Stridhana property has any considaration? If in case she has rights, to what extent this stridhana property is considered to division of property.

Anonymous   31 October 2009 at 20:53

Power of Attorney

hello,
my uncle is a nri.2year back when he visited india he given me gpa to me of his property to look after.now he want to cancel the gpa . is it is possible to revoke the gpa without coming to india

Anonymous   31 October 2009 at 19:52

flat transfer need for form27?

Pls advie is the form 27 under bye law38 e 1 pertaining to declaration to Income tax dept for value above 75lac transactions is still valid or is now not required?

Anonymous   31 October 2009 at 19:50

flat transfer need for form27?

Pls advie is the form 27 under bye law38 e 1 pertaining to declaration to Income tax dept for value above 75lac transactions is still valid or is now not required?

anil chinn   31 October 2009 at 17:43

Lost sale deed

Sir,
I hv made an agreement with a party for purchasing a piece of land with half constructed house. My intention was to obtain a loan from SBI. After verifying the docs which have been already morgaged with Syndicate bank, a handome advance amnt was paid to the Seller. However, SBI has turned down my loan application saying one of the previouse sale deeds is not the original one(They go after 20 yrs flow). On inspection it is found that a previouse saled deed is lost by the seller and in place of it he got certified true copy; bais on which he secured the loan from syndicate bank. But, the SBI is not ready of accept the certfied true copy. However, PVT banks come forward to give me the loan. My query is : Is there any harm (legally) if i go ahead with purchase?. shall i get any legal immunity, if at all the lost one resurfaces tomorrow by any means (eg fradulent activities)?.If the orginal might be morgaged elsewhere, should i be liable for legal actions as teh present custodian of the property?.
However, the party has the original one which he has got in his name. Another old one is also there in original.

Looking forward for a response.
regards

anil

ramesh   31 October 2009 at 13:50

Property settlement deed - reg.

Dear Sir,

Well and hope to hear the same from you.
I have queries with regard to property settlement.
I am the only son and have 2 sisters.
My father have made settlement in favour of me and registered
properly. [His self acquired property]
In the deed it was mentioned clearly that both my sisters have no
no rights as my father have rendered adequate monetary and other
benefits to both of them.
He also mentioned to change all the records of Corporation,
Metro water, Electricity and Patta transfer in to my name.
The deed was executed on March 2009, but so far I have not
changed into my name.

But recently I came to know that one of my brother-in-law
have planned to challenge the settlement on the grounds
that my father was compelled or coerced into giving such
settlement, or that he did not have the mental or the contractual
capacity to give such settlement.

I want to know how I can defend this in case if he approach
in that way.

Though my father is very much in support to me, should also
consider the fact that he is already 81 years old and
deteriorating bed ridden patient.

[a] how can I take up extra measures to defend,

[b] whether a settlement can be revoked &

[c] as a matter of protection can I make a settlement in favour
of my wife.

I am in possession of the property & my father is with me.

Awaiting your reply eagerly.

Thanking you with regards.

Anonymous   31 October 2009 at 13:18

Capital gain on property

Dear Sir,

I wanted to know about the Capital gains rule for property if sold before 3 years of purchase. Is capital gain applicable.

If Sell deed is not their than is it advantage to the seller or in that case also capital gain is applicable.

If the property is over 3 years and Sell deed is not their is capital gain applicable.If property sold than can stampduty is refundable if sell deed is not their.

Kindly also wants to know who has to inure the expences of Sell deed.

Regards

Deepak Kulkarni
Mobile 9850985011