Selling of gifted property

prakash (Querist) 12 April 2013 This query is : Resolved
dear sir
shall i sell my gifted property.kindly do the needful
regards

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Advocate M.Bhadra (Expert) 12 April 2013
I am of the view that if you have acquired the property through a gift deed, the same becomes yourself acquired a property and you are at liberty to sell the same to any third party. There is no requirement that you should offer the same others.Gift once execute can not be revoked.

prabhakar singh (Expert) 12 April 2013
The moment you received and accepted the GIFTED property,you became owner and now you have every right of transfer in place of donor unless there is some conditional clause in the GIFT DEED.

Sudhir Kumar, Advocate (Expert) 12 April 2013
you are not asking if you can sell property. If you ask this question then it is legal query.

you are simply asking if you shall sell it or not. It is your decision to sell it or not.

Advocate Bhartesh goyal (Expert) 12 April 2013
If you have got the property through registered gift deed then certainly it would be treated as your self acquired property and you have every right to sell,gift,mortgage or transfer the same as per your wish.