We have a house in the name of my mother. Now the house is damaged completely and I would like to re build it again and for the same every body suggested that a gift deed would be better to save stam duty and registration charges before going for a house loan. My questions are
-with gift deed do I become the legal owner of the property
-a house loan is sanctioned based on the gift deed on my name
-will I have any kind of complications after building the house as the property is bought by my father but registered in the name of my mother, I have a younger sister who is married, so want to avoid any kind of problems in future on the property
-what is the gift deed charges in AP
