TRANFER OF SELF OWNED PROPERTY BY MARRIED SISTER TO BROTHER
Querist :
Anonymous
(Querist) 22 June 2011
This query is : Resolved
sir,
my sister has got a property in her name for which all the expenses of purchasing and registration and stamp duty have been paid by my father , now she is married and wants to transfer that property to me (brother).
which would be the cheapest way of transferring the title in favour of me.
I have gone through the gift deed and that is very expensive.
please provide me any other cheaper method of transferring this property which is located in Rajasthan.
R.Ramachandran
(Expert) 22 June 2011
Only on two modes she can transfer the property in your name. (i) gift (ii) sale deed. If there is any difference between the charges in Rajasthan between the two modes, adopt that one.
Swami Sadashiva Brahmendra Sar
(Expert) 22 June 2011
You may consider power of attorney. In this regard you should take advise from your local lawyer.
R.Ramachandran
(Expert) 22 June 2011
Dear Dr. Tripathi,
What he can do with Power of Attorney? It will only give him power of authority to do things on behalf of his sister. Nothing more than that. More over, it will be valid only during the life time of his sister. Further more, the sister can any time revoke it. In any case, using the POA if he has to transfer the property to his own name, what are the modes available to him. That is the precise question. I do not think POA is any solution at all.
Advocate. Arunagiri
(Expert) 23 June 2011
I agree with Mr.Ramachandran, POA will not be a right solution.
The gift deed will be opt solution.
Guest
(Expert) 23 June 2011
the sister can also execute the release deed in favour of her brother and i agree with Ramachandran to not to do Power of attorney.
prabhakar singh
(Expert) 23 June 2011
'please provide me any other cheaper method of transferring this property which is located in Rajasthan.'
'unfortunately none '
R.Ramachandran
(Expert) 23 June 2011
A release deed can be given by one party in favour of another only when both the parties are the co-owners of the property. A release deed cannot be given by a person, to another person who is a complete stranger to the property (i.e. who is not already having any share in the property).
