I`m from Kolkata ( West Bengal) . I have a Flat on 1st floor and it is 8 years old. The Flat is in a Residential Complex and not in a stand alone appartment. The Super Built up area is 1320 sq ft. The Flat is in my name & my mother`s name. ( Joint names). As my mother is old now and not keeping well she wish to execute a Gift deed of the said flat ( her owning part) in my name unconditionally so that i become the sole single owner of the Flat. The Flat is already registered and mutated in our joint names. My question is :
1. Can my mother execute a Gift deed in my name.
2. What will be the area of the Gift deed executed ? is it the entire 1320 sq ft or half of 1320 sq ft that is 660 sq. ft only. ( Calculation of the market value of the said flat ).
3. By executing the Gift deed in my name can i become the sole owner of the said flat. Does Gift deed have same value as Sale Deed or Deed of Conveyance?
4. In future if i wish to sale the flat can i do so without any legal problems ?
5. As the Flat is already mutated in my & my mother name shall i required to get mutated again once the Gift Deed is executed so that i can become the sole owner.
6. Can my mother execute the Gift deed in the concerned registry office or does she require to approach a Lawyer in the Court for execution of the Gift Deed ?
7. What is approx Stamp Duty value & Registration fees in Kolkata. Stamp duty & Registration fees of Gift Deed & Sale Deed are same ??
Please advice.
