Banking regulation on home loan on gifted property


(Querist)
11 July 2018
Dear Expert,
Recently I going to be purchased a house property whichever given to the owner in Gift. The Gift deed is duly registered but contain condition of nontransferable of aforesaid house property. When I consulted from my home branch manger for home loan, he said he didn't gives loan on gifted property, because of condition of non transfer-ability. please help ?


CA R SEETHARAMAN (Expert)


Click to Talk 11 July 2018
You can't buy the property as the owner doesn't have the right to sell. Conditions put on gifted property prevail.

bhavya (Querist)
26 July 2018
But sir in section 10 of transfer of property such is condition void ab-initio, so is that applicable in my case ?

CA R SEETHARAMAN (Expert)


Click to Talk 27 July 2018
Such conditions prevail on gifted property

bhavya (Querist)
29 July 2018
Sir
can you refer me the section who said that section 10 is not applicable in case of gift and condition of non transfer-ability. please help.

CA R SEETHARAMAN (Expert)


Click to Talk 29 July 2018
Raise the query in lawyers club query is more legal.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






×
close x
Online GST Class    |    x