Gift deed to my son and daughterinlaw

Querist : Anonymous (Querist) 28 July 2018 This query is : Resolved
I want to gift my flat(s) in Mumbai to my son and daughter-in-law. What is the procedure?

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Vijay Raj Mahajan (Expert) 28 July 2018
Biggest mistake that you will be doing, if that is the only flat with you, If you have numbers of flats with you and want to transfer one of those to your son and daughter in law than make a Gift Deed in their favour and register the Gift Deed with the Sub-Registrar. The Stamp Duty for the Gift Deed as applicable in Mumbai has to be paid along with registration fee.
The transfer of share etc. and all other process with the society where the flat is located can be done with help of the registered Gift Deed and the applicable payments etc. if required.

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Guest (Expert) 28 July 2018
Correct.....................

Sudhir Kumar, Advocate (Expert) 29 July 2018
law allows this stupidity. contact registrar office.

Dr J C Vashista (Expert) 30 July 2018
An anonymous author should have been avoided response by experts, as per rules of this platform.
Consult a local prudent lawyer

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