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Vikash yadav (not applicable)     25 May 2012

Title deed for loan

A person release his ancestral land in fvour of one son and son gift it to his son Z.

these transaction happened in 5 years.

Now, son Z wants loan on the said land.

Is there any problem in title deed?


 2 Replies

Y V Vishweshwar Rao (Advocate )     25 May 2012

The  Regd  Gift Deed  &  Regd  Release Deed are Ttile  Deeds, as primary and as Link Documents respectively.  The further records/Docuemtns transactiosn  are  coverign only for  5 years . Put all the documents  and reocrs prior to Regd Release deed for at least 15 years to make godd Title and Possession for  a period of 15 years .These all  Title  Deeds to be cosnidered for Loan .

Surendra Gupta (Banker)     28 May 2012

The ancestral property caanot to be gifted legally to one son by ignoring the legal claim of all other claimants. Since the claim of Z on the property is not leagl, bank will not grant any facility against the secuirty of the said property. I presume you are a hindu as I am mentioning my opinion as applicable to hindus

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