18 June 2021
Sirs, I desire to gift my flat (Mumbai) to my son. 1.What docs are required? 2. My Bank has misplaced my Original Sale Deed of 2003 . So duplicate sale deed is valid for Gift deed process.? Pls reply.
20 June 2021
If the bank has lost the original sale deed, then you may have to get a certificate to that effect from bank along with the no due certificate and also the bank has to cancel the mortgage deed by furnishing the certificate sating that the borrower has discharged the entire loan amount with interest in full and endorse the cancellation of the mortgage loan. All the above are the documents you may have to hand over to the beneficiary/donee at the time of transferring the property by a registered gift deed to your son. Besides the above, you may have to obtain the certified registration copy of the sale deed, and other relevant documents pertaining to this immovable property.
23 June 2021
Settlement deed is to be executed and registered. Certified copy supported by the affidavit issued by the bank with regards to lost of original deeds is to be produced at the time of registration.