Mr. Fahad 29 October 2020

Joint ownership of land

Hi Experts,

One of my friend purchased 1000 Sq. yards of non agriculture land and become title owner and now he want to add his cousin brother as a joint owner of 350 Sq. Yards.

- Kindly advise me which deed he suppose to perform and how..

Warm Regards..

Reply Follow

Quick Summary

A landowner wishes to add their cousin as a joint owner of 350 sq yards out of their 1000 sq yards of non-agricultural land. Experts suggest executing a registered Gift Deed or Sale Deed for the 350 sq yards. A Gift Deed is often preferred due to lower stamp duty and registration fees compared to a Sale Deed. The discussion also touches upon the validity of conditional gift deeds and the desire to retain control over the entire property until development or sale.

3 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 29 October 2020

1. You may prefer to execute a registered Gift Deed or a Sale Deed for 350 Square Yards in favor of Cousin Brother, which will permanently make him Title Owner of 350 Square Yards land.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

kavksatyanarayana (subregistrar/supdt.(retired)) 29 October 2020

Yes. He shall execute a Gift deed in favour of his cousin. The Stamp duty and registration fees are less than the sale deed.

Mr. Fahad 31 October 2020

Sir, Can he execute conditional gift deed in favour of his cousin brother... is that valid in the court of law?

Actually he want to make his cousin as a partner of 350 Sq. yards with consideration but he want to empower on whole 1000 Sq. yards property until it get development or sale..

Please suggest.