This is related to a property which belongs to my husband,mother in law,sister in law and brother in law. Everyone has 25% sharr.Now basically all the 3 are gifting their share to me and my husband so that we become equal owners.I My brother in law will gift to my husband making him 50% share owner and my sisiter in law will gift to my mother in law and she will gift me her 50% share. My questions are 1.whether all these these gift deeds be registered in the sub registrar office on the same day??? 2.How much time will it take to get the registered papers?
Production of PPBs & TDs at the time of registration and to get entries made : Now, production of pattadar passbooks and title deeds is made compulsory. Parties shall ensure that relevant entries are made by the Registering Officer in these books regarding th e transaction.
1. So it is not possible to registrar all 3 Gift deed at same day.
2. 3 days to 3 months depends upon your style of work.
Gift Deed of immovable property requires to be Registered and Stamp Duty of 2% is to be paid based on the Ready Reckoner value. The donor and the donee have to appear before the Sub-Registrar with their PAN cards, Aadhar Cards and Passport copies, if available.The proper descripttion of the property including the CTS number and carpet area with proper location should be mentioned in the Schedule of the Gift Deed.
All the three gifts can be Registered on the same day and depending on the load on the Registrar the Registered Gift Deeds will be available either on the same day or the next day. The sequence should be maintained, that is, the first Gift Deed should be from your sister-in-law to your mother-in-law and another from your mother-in-law to you.
obviously it is single property that is to be gifted, so all of them together commonly prepare the gift deed together and there will be one registration wherein if they want to specify your and your husband's share inthat property they can mention , if not , both you and your husband can now commonly take, that gift deed, and the deed lapses in whoecer survives the other completely provided that property is self earned if not it will fall into intestate even if there is some so called gift deed, in fact when intestate then shares hall be per succession Act only mdm. tks After all remember property laws are very interesting and very complicated for it falls into civil laws read in with common law of the personsinvolved.