My Father-in law like to gift a property to me and my wife

Yes he can gift to you both

But in A.P if the gift is to a family member then there is lot of exemptionin the stamp duty payable

In the gift deed if you name is also included then such an exemption will not be there

You can always raise the required loan even if the property is in the name of your wife.

Better it is in the name of your wife.

Yes he can gift to you both

Thanks for your reply.

Is there any tax duty exexmption (in Chennai, TamilNadu) if my father-in law gift (register the property) only to his daughter?

In that case, if I am taking home loan against my wife's property can I avail the home loan tax benefits?

Please advice.

Thanks for your reply.

Is there any tax duty exexmption (in Chennai, TamilNadu) if my father-in law gift (register the property) only to his daughter?

In that case, if I am taking home loan against my wife's property can I avail the home loan tax benefits?

Please advice.

yorr father in law is having rights to gave the propert both of you. you are luky.

yes. your father-in law can transfer his title to you and your wife ie. his daughter.

it is valid if the property has transfered to both of you by your father-in law

there is no difference for transfering on both of you.  there is same fees has collected from you.

you can got the loan if your wife is giveing noc or mou

Hi,

I want to buy my father inlaw's property. I want to take a home loan for that and want to register the property as gifted one. Property is situated in North Calcutta, WB ...

Will I get home loan for that ? if yes what will be the property registration/stamp duty changes for that in North Calcutta?

Waiting for your reply,