Sale deed

Others 740 views 6 replies

Anshika

178 Points Posted on 15 January 2013

I HAV A CLIENT,HIS PROBLEM IS,HIS ELDER BROTHER HAS TAKEN A LAND FOR RS.56LACS IN TWO NAMES HIS OWN AND HIS MOTHER(2 AREAS EACH CONTRIBUTIG RS.28LAKHS),NOW HIS MOTHER WANTS TO TRANSFER HER SHARE OF PROPERTY TO THE CLIENT(THE YOUNGER BROTHER)...
FOR THE SAME HIS MOTHER WILL GIVEN IN WRITING ON A RS.10 STAMP PAPER THAT WHATEVER BE THE SALE AMOUNT ON THE TIME OF SALE ALL HER SHARE SHOULD BE GIVEN TO HER YOUNGER SON.

MY QUESTION IS WRITING ON JUST RS.10 STAMP WHEREAS THE PROPERTY IS IN LACS IS VALID?
WHAT IS THE SOLUTION TO THE PROBLEM OF TRANSFER OF SHARE TO THE YOUNGER BROTHER?

CAN THE MOTHER EXECUTE A GIFT DEED IN FAVOUR OF HER YOUNGER SON?

NEED UGENT HELP.....

Replies (6)

IMAM

ARTICLE ASST.

371 Points Posted on 15 January 2013

HI ANSHIKA YOU RIGHT THEY HAVE TO EXECUTE GIFT DEED IN THIS CASE FOR A LAWFUL PROOF OF OWNER SHIP AND IT IS WRONG TO TRANSFER PROPER ON 10 RS STAMP PAPER . AND AS YOU SPECIFY THE PROPERTY IS ON THE NAME OF MOTHER AND SON SO CONSENT OF BOTH THE PARTIS IS ASSUMED.

Anshika

178 Points Posted on 15 January 2013

Originally posted by : IMAM
	HI ANSHIKA YOU RIGHT THEY HAVE TO EXECUTE GIFT DEED IN THIS CASE FOR A LAWFUL PROOF OF OWNER SHIP AND IT IS WRONG TO TRANSFER PROPER ON 10 RS STAMP PAPER . AND AS YOU SPECIFY THE PROPERTY IS ON THE NAME OF MOTHER AND SON SO CONSENT OF BOTH THE PARTIS IS ASSUMED.

the elder brother is consenting to the sale transfer clause to younger brother..
from where can i get the gift deed make.. notary i guess will b able to make one?

IMAM

ARTICLE ASST.

371 Points Posted on 15 January 2013

WELCOME ANSHIKA

YOU ARE REQUIRED TO MAKE NOTARY FROM A CONSULTANT OR FROM BOND MAKERS IN COURT IT WILL SAVE YOUR TIME.

RS 100 STAMP PAPER IS REQUIRE FOR GIFT DEED AND GENERAL POWER OF ATTORNY ALSO REQUIRE FOR EXECUTING TRANSFER. AND YOU ARE RIGHT FOR YOUR NEXT QUESTION.