PLEASE HELP NOW - Gift Deed or Release Deed revoke

The second option is better

You should directly go for gift deed in favour of sister & brother, once you make of your property there names will be mutated in goverment revenue records as owners of the said property.

Regards,

Adv. Mahesh S. More

Vishrantwadi, Pune.

Hi Shiva,

Just for knowledge sharing ... might be helpful to all...

I have noted in your point no.1 that the release deed be revoked which was executed 5 years earlier.... I think legally this is not correct... once the rights are released from the property it cannot be obtained back..... release would be same as a  Sale  Deed  in  favour  of  some person...... The Bombay Stamp Act has also taken the view and so stamp on release as same as stamp on Sale Deed...... Thus revocation of release is not proper as per conveyancing .. it can gifted if you are the owner of the property but subject to the prevailing acts like registration act, Stamp Act, etc.....

I Hope every one would agree on this....

Any suggestions.. please  reply.....

Regards....

My father has written a willdistributing the small property amongst seven members.they want to give me some property (house) free.pl advise me the cheapest way of transfer.thaks.

Both Vishal and Mahesh are right. You can  execute gift deed of your share in the property ( which I presume will be 50%)  to your sister. But that will attract the same stamp duty as a Sale Deed.

need a precedent for a release deed urgently .Please help

Ref to Saket Gandhi's observation that cancellation of release deed will not restore her rights in the property.  Why not, if the cancellation is done with the consent of all the concerned parties.  When even a registered Sale deed can be cancelled with the full consent of all the concerned parties, and the rights restored to the original Vendor, why not in the case of release deed of a family member.

Any comments would be most welcome.

My father wants to divide the property & give then in the form of  gift ( land only)  to his 2  son's  i.e. me & My brother - Please suggest me the procedures?

1.) what will be the cost of Gift deed ?

2) how many days it will take ?

Kinldy reply ASAP to the below ID :  yeshu3@gmail.com

I am agree with the view of Mr. Saket Gandhi, Release Deed or even Sale deed can not be cancelled only upon the wish of the parties. These can be cancelled only if they have exected with any fraud, coercion, mis representation of facts etc.

Merely on wish of the parties these documents can not be cancelled.

i agree with ashok sir

the gift deed ,sale deed can not be cancellaed or can not be revoked