Gpa holder wants to register that property to their children

Nithin S P (Querist) 07 August 2017 This query is : Resolved
Hi,

My father has purchased a property (two 30*40 plots) in Bangalore and has GPA registered in his name way back in 80's. He has Panchayathi Katha as well in his name.

Now, after his retirement now he is planning to register those plots to his children and take loan for building a house there.

Since, these plots are under BBMP after 2008, as he not progressed with respect to documentation till now. We would like to know how to proceed on this to get the documents ready to take a loan, as per the basic investigation done by us, we need registration paper, BBMP property tax receipt, BBMP katha etc.

Kindly let us know the procedure to get all documents such that it is legally correct and loan would be sanctioned.

Regards,
Nithin

Follow Query

Report Abuse

P. Venu (Expert) 08 August 2017
GPA or the name in the revenue or municipal records does not amount to title to property.

Rajendra K Goyal (Expert) 10 August 2017
Whether principal who gave the GPA is alive?

All related documents have to be referred, discuss with local lawyer.

krishna mohan (Expert) 17 August 2017
Purchase can not be made out of GPA. You consult a legal expert on the way out as GPA appears to be 20 years old and if the person given the GPA is not live GPA also expires.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now