Scenario:
1. I have joint venture agreement with others. in the agreement it is clearly mentioned that shop no 1 & 2 is my share for the investment made by me.
2. property tax for shop no 1 & 2 is in my name and I pay tax regularly.
3. electric connection for shop 1&2 is in my name and I make regular payment.
4. possession of shop no 1 & 2 is with me.
5. except for JV agreement, there is no sale deed for shop 1&2.
based on the above information, can I transfer shop no 1 & 2, to my adult daughter by gift deed?
Without a registered title document on your name, you cannot claim onwnership of the shops alotted to you.
The allotment letter or any other form of transfer without involving a registered document will not confer a legally valid and marketable title on you.
Therefore with the defects in title, the proposed transfer of the property in favor of your daughter by a gift deed also will not confer a proper and legally valid title to her.
She too will be considered to have a defective title.
