Parents can give their property to their children in India

Описание: Parents can give their property to their children in India in different ways, depending on whether they want to transfer it during their lifetime or after their death. Here are the main methods:

🔹 1. Gift Deed (जीवित अवस्था में संपत्ति देना)

Parents can transfer property to children through a registered Gift Deed under the Transfer of Property Act, 1882.

It must be registered at the sub-registrar’s office and stamp duty/registration fees must be paid (varies by state).

Once gifted, the parent loses ownership rights.

🔹 2. Will (वसीयत / Testamentary Transfer)

Parents can write a Will stating that after their death, property will go to their children.

Registration of a Will is optional but recommended.

Property is transferred only after the death of the parent.

Until then, parents remain full owners.

🔹 3. Sale Deed (नाममात्र बिक्री)

Sometimes parents execute a Sale Deed in favor of children (with or without actual money exchange).

Must be registered, and stamp duty is usually higher than a gift.

🔹 4. Relinquishment / Release Deed

If property is in joint names, one co-owner (e.g., parent) can relinquish their share in favor of children.

Must be registered.

🔹 5. Partition Deed

If property is ancestral or jointly owned, parents can do a partition giving children their respective shares.

✅ Important Points:

Gift Deed and Sale Deed transfer rights immediately.

Will transfers rights after death.

Registration is compulsory for Gift/Sale/Partition/Release Deeds.

In ancestral property, parents cannot give away the entire property—children already have a legal share.

Do you want me to explain this in simple checklist form (step-by-step process) for gifting property, or give you a comparison chart of Gift vs Will?



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