yes father can execute gift deed in favour of his son if he so desires . have it duly stamped and registered
Can a father transfer his property to his son being alive
yes father can execute gift deed in favour of his son if he so desires . have it duly stamped and registered
can mother also do this? Is there any registration charges?
yes if mother is owner of property she can also execute gift deed / sale deed . document is required to be stamped and registered . you have to pay registration charges
How much registration charges
Mother can also transfer her property in the same manner as father i.e by making a gift/sale deed and getting the same registered in accordance with law.
The registration charges can be ascertained from the office of local registrar as the charges for registration are not uniform throughout India.
what are the approx registration charges in UP
either there will be registration charges or stamp duty also as stamp duty is collected in sale to another person not in blood relative
gift deed attracts stamp duty too . it is at concessional rate in case of relatives . you need to pay both stamp duty and registration charges
Visit the registration office personally to know the charges as the same are not uniform in all the states.
after parents how can the property be divided ? Then stamp duty is charged or not ?
on death of parents property can be divided among family members . partition deed can be prepared . it will also attract stamp duty
If will has been made then the property will be divided between children according to will with out stamp duty ????
will does not attract any stamp duty . on death of parents property would devolve on beneficiaries mentioned in the will . if any legal heir disputes will then you have long legal battle ahead
Ok Thank you Sir
After death of parents their property can be divided amongst all the surviving heirs by way of a partition deed duly drawn up specifying the share allotted to each heir. Stamp duty is payable on a partition deed as well.