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Srikanth   29 June 2018

Property transfer

Hi , I stay with my Aunt (father's sister) and uncle from my childhood as the have no children. My uncle owns a house in hyderabad and he gifted it on to my Aunt's name, as she wants to transfer it on my name , even my uncle is also ready to do it but recently we have came to know that he( my uncle ) married other lady ( illegally) few years back and she have 2 kids now , my question is what is the rite process to transfer that house on to my name ( sale deed ,gift deed , will deed? ) I heard that sale deed will be good choice but will I be questioned how did I buy that property without funds transfer ? Please suggest me a good option to transfer that house onto my name without any complications. Thanks


 2 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     29 June 2018

1.  IF the Uncle has Gifted away his property to his Wife (your Aunt),  THEN there is nothing left for the uncle to do.

2.  Your Aunt should execute a duly Stamp Duty paid Registered Gift Deed, in your favor, which will be the safest, for all futuristic legal purposes.  There is nothing called as Will-Deed.  Sale Deed is expensive and fraught with Income Tax modalities.

Keep Smiling .... Hemant Agarwal

Srikanth   29 June 2018

Thanks a lot Hemat Agarwal.

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