Now I want to transfer the property in my name by way of gift.
Thus, it would be advisable that your player plus rewards sister-in-law specifies her intention to gift the said property to you by specifically mentioning your name in the PoA that she will execute in favour of your brother.
Is Mukesh the rightful owner of the property?Queries and views.Board CategoriesForum and message board- Law bh cosmetics promo code december 2015 schools and students- Law firms chat- Mooting Premier League chat- Legal issues talk and help- The Bar and Bench talk- Events calendar and law school conferences- Calls for us news promotional code papers- Law blogs and legal blogging- Suggestion box- Idle chit-chat- Accommodation.Beware, however, nothing in these forums should be taken as legal advice so consult your own lawyer before acting on this advice.Asked 1 year ago in Property Law from Hyderabad, Andhra Pradesh.Section 123 of the Transfer of Property Act, 1882 reads as follows: For the purpose of making a gift of immoveable property, the transfer must be effected by a registered instrument signed by or on behalf of the donor, and attested by at least two.However, a PoA that grants to the attorney the power to gift immovable property to a particular person must be registered.Subhash (living in Dubai )gave power of attorney to Vimal (son ).What is the procedure?Poa was attested at Indian consulate in Dubai and was validated here in India by registrar of assurances.Perhaps someone can help or has some interesting views.Through this gift deed, he sold the property to Mukesh by registered sale deed.Poa gives power of all works, Sale, repair rent recieve sale proceeds of property to vimal.It must be noted that one of the reasons given by the court for deciding that the gift deed in question in that particular case was not valid was because the PoA did not specify the name of the person to whom the property was.Such delivery may be made in the same way as goods sold may be delivered.Your sister-in-law may either execute a gift deed, gifting the said property to you or execute a special or specific PoA in favour of your brother or any other person, specifically granting the power to your brother or such other person to gift the property.It may be noted here that a general PoA will not be sufficient and the attorney will not have the requisite power to execute a valid gift deed of such property.Forum, forum and message board, legal issues talk and help, power of attorney vs gift deed.
The entire payment of the loan and other related payments have been made.
It may be noted that stamp duty will be payable on the gift deed.