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Gift deed for the undivided share interest- How

Postby cherry » October 6th, 2010, 3:23 pm

We purchased a flat with a registered sale deed for undivided interest. The flat was exclusively built for us by a construction and sale agreement including car parking. It is not registered. We have a separate khata and are regularly paying property tax. Now we want to gift it to our son through a gift deed and want to include the details and car parking with undivided interest. What is the procedure?

You have to make a gift deed for the undivided share and also a sale deed for the flat. The gift deed is to be registered with the sub-registrar's office concerned. If the gift is of a property in Karnataka, the stamp duty is Rs 1,000 and the registration fee is Rs 500.
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