ancestral property GIFT DEED
8 months ago
My father partitioned ancestral property among his siblings from the court, and he got two different sites from the partition. He then made a gift deed of each of the sites of me and my brother. Now, I want to mortgage the site which was made a gift deed to me. But the legal opinion is saying that my father should have made a partition deed of those two sites between me and my brother. Should I do a partition deed or is the gift deed made by my father enough?
A.Dear Client,
When an ancestral property is already partitioned as per the Court's order and your father got his shares in the said property after partition, he being the title holder of the said shares in the property can transfer the same to his sons by way of registered gift deed. So, by virtue of said registered Deed of Gift, the donee(Son) being title holder of the property, can mortgage his share for availing the loan from Bank.,
When an ancestral property is already partitioned as per the Court's order and your father got his shares in the said property after partition, he being the title holder of the said shares in the property can transfer the same to his sons by way of registered gift deed. So, by virtue of said registered Deed of Gift, the donee(Son) being title holder of the property, can mortgage his share for availing the loan from Bank.,
Helpful
Helpful
Share
A.Dear client,
It's not possible to sell/gift property before clear title.
No the gift deed is valid before partition.
It's not possible to sell/gift property before clear title.
No the gift deed is valid before partition.
Helpful
Helpful
Share
A.Dear Sir,
You have to follow the instructions of the Bank legal advisors otherwise switch over to any other private bank.
You have to follow the instructions of the Bank legal advisors otherwise switch over to any other private bank.
Helpful
Helpful
Share
Read Related Answers
Flat Purchase
Dear Client,
In addition to the above, you need to obtain the following documents:
Mother Deed
Building Approval Plan
Sanctioned Plan Copy
Water & Sewage, Pollution, Electricity Approvals
Commencement...
Regarding undivided property
Dear Client,
According to the Hindu Law of Inheritance, the paternal property that is undivided for at least four generations qualifies as an ancestral property and the coparceners have an equal share...
Property - Our share of property
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. In ca...
Confiscated phone
Dear Client,
If a school is generally follows the CBSC rules strictly in all aspects then it might not be possible to recover your device back. Talk to the management authority and write a handwritten...
My mother and my wife needs safety for a PLOT
Dear Client,
Your mother can transfer the property to you by executing a gift deed in your favor. In that way, there will be no apprehension of losing the title over the property or anyone else claimi...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
