Property Gift Deed Guidelines

Summary

In Karnataka, gifting property to a sibling is legal through a registered gift deed. Stamp duty is lower for family transfers. Once registered, the gift deed is legally binding, making it difficult to challenge. Claims after registration require substantial legal grounds, such as proving fraud or coercion. For specific guidance, consult a local lawyer.

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is same registration charges for gift and purchase property
In Karnataka, the registration charges for a gift deed and a purchase deed differ.
- For gift deeds, especially within family, the stamp duty is lower (around *% for family members).
- For purchase deeds, the stamp duty is higher (around *-*%).
Consult a local lawyer for detailed advice. Do you need further information on this?
is gift property can be claim after 10 years by any of the family member of brother
In Karnataka, once a gift deed is executed and registered, the gifted property becomes the absolute property of the recipient. Here are key points regarding claims:
- A registered gift deed is legally binding and cannot be challenged easily.
- Claims after 10 years would require strong legal grounds, like proving fraud or coercion.
- Legal advice from a local lawyer is recommended for specific cases.
Do you need more details on how to proceed with a gift deed?
after 2 years can claim
Case Rating: *
In Karnataka, once a gift deed is registered, it becomes legally binding. Any claims against the property after 2 years would require substantial legal grounds, such as proving fraud or coercion. It would be best to consult a local lawyer for precise advice on your situation. Do you have any more questions about the process or related issues?