Srinivas P 19 July 2023

Agreement of sale cum gpa with possession

Sir,

I purchased a plot by Agreement of sale cum GPA with possession. Can I do gift deed registration to my kid who is major.

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Quick Summary

This discussion explores whether a gift deed can be registered for a plot purchased through a Sale Agreement cum GPA with possession. The advice suggests that if the principal (original owner) is alive and the GPA specifically allows for third-party transfers via gift deed, then it might be possible. However, a key point raised is that if the plot is not yet registered in your name, you may not be able to execute a gift deed as you are not the registered owner.

3 Replies

T. Kalaiselvan, Advocate (Advocate) 20 July 2023

On the basis of the GPA in your favor, if the principal is alive then you can execute a registered gift deed in favor of your child, provided there is a mention about the transfer to a third party through gift deed too in the POA deed.

You may make sure that the principal is alive.

Mr. Sumitra kumar (Advocate) 20 July 2023

@Querist- First Pay then seek advice.

Thank you.

Advocate Bhartesh goyal (advocate) 20 July 2023

Since you have purchased plot through Sale Agreements cum GPA and still plot has not been registered in your name and you are not registered owner of plot so can not execute gift deed of said plot in favour of your son.