Query regarding asset
vishal.goenka
(Querist) 11 July 2015
This query is : Resolved
My widow paternal aunty execute General power of Attorney & agreement for development in which he athorise my father to build a G+4 building (against some consideration)in the land (measuring 4 cottah )
registered in her name,and give power to sell them in the year 2005. My father constructed
the building and sale 2 floor & rest were rented out .Now the question arises that
who will be the legal owner of the property after my paternal aunty demise ,
In case no will is Executed & no nominee & Executor is appointed.
Moreover, now my father want to gift us the property Whether he can do so,
if yes , then what is the cheapest way to transfer the property,
& if through executing gift deed then whether its Registration is compulsory.
Please advice.
dr g balakrishnan
(Expert) 12 July 2015
u have not mentioned what are the terms of GPA of your aunt to yr father without knowledge of it is futile to hazard any opinion.
Advocate Ravinder
(Expert) 12 July 2015
Unless I see the clauses of GPA cum Agreement, I cannot opine. Moreover, your query contains lot of ifs and buts and assumptions and presumptions.
It is very hypothetical to give answer in the above situation.
vishal.goenka
(Querist) 13 July 2015
Thank you for the reply.... will contact you with more information
