Yes, you can gift your flat to your sister by preparing a gift deed. Here's how you can do it:
- Draft a Gift Deed
: Consult a lawyer to draft a gift deed, which is a legal document that transfers ownership of the property from you to your sister without any exchange of money. The deed should include details such as the description of the property, the names of the donor (you) and the donee (your sister), and any conditions or restrictions associated with the gift.
- Pay Stamp Duty
: Before registering the gift deed, you need to pay stamp duty based on the market value of the property. In Vasai, the stamp duty for gifting residential property to family members is typically
₹200.
- Register the Gift Deed
: Visit the sub-registrar's office with your sister to complete the registration of the gift deed. Both parties need to be present, and the deed must be signed by you, your sister, and at least two witnesses.
- Mutation of Property Records
: After registration, you need to get the property records updated to reflect your sister's ownership. This involves transferring the property in municipal records if it's a house property.
- Update Utility and Tax Records
: Ensure that your sister's name is added to all utility, property tax, and society records related to the property.
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Can I gift my sister my flat by preparing the gift deed and what is the duty to Be paid in Vasai?
Fatima Cardoz
318 Views
1
10 months
2025-01-20T11:23:23+00:00 2025-01-20T11:23:53+00:00Comment
Share