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Hi there,
The first thing you should do if you are purchasing a property that was gifted is to check the gift deed. See if the gift deed is registered and the stamp duty is paid. If these things are on track, you can purchase the property. I feel you won't face any issues if the gift deed is properly registered under the name of the person from whom you are purchasing the property. You can also contact a lawyer to run due diligence.
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I am buying property from a person who got the land as a Gift Deed from his father. During registration both the sons and father were ready to sign and provide consent. Will there be any issue in future if I buy the property?
Santhu
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2 Year
2022-02-02T13:05:26+00:00 2022-02-08T17:24:51+00:00Comment
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