GIFT DEED

Mother can transfer the property through gift deed, out of love and affection

Following is the transfer cost through gift deed:

• Stamp Duty : Rs. 5000
• Registration : Rs.1000
• Cess : Rs. 500
• Scanning Rs. 350 (Rs. 35 per page, approx. 10 pages)

Total Rs. 6,850 (Approx.)

Following are the required documents

• PAN of you and mother’s
• Registered Deed (that how mother acquired the property)
• Tax receipt
• Khata

You, mother and two witnesses must present in sub-registrar office for registration of gift deed.

If you couldn’t come to India for registration of gift deed, you can grand Power of attorney to mother from USA. Mother can signs the gift deed in sub-registrar office on your behalf.

(Mother signs the gift deed as Donor and also signs the gift deed as Donee on your behalf)

In a separate blog, we wrote the detailed procedure to execute Power of Attorney from USA. Linking the blog link at footnote for your reference

Below is the steps to register gift deed in Bangalore:

Step 1 : Grand the power of attorney to Mother

Step 2: Draft the gift deed in word document

Step 3: Submit the application in Kaveri Online service + Pay the government fee (Stamp duty & registration fee) + Book the registration slot

Step 4: Print the Gift Deed draft in document paper

Step 5: Visit the sub-registrar office and register the gift deed

After the gift deed registration, transfer the khata from mother name to your name. We need following documents for transfer of Khata

• Parent Deed (how the mother acquired the property)
• Gift Deed
• Donor’s Khata (Mother’s Khata)
• Tax receipt
• Aadhaar (Since you are a OCI, you may not be having aadhaar. If you give power of attorney to mother, mother can file the khata application on your behalf. File the application using mother’s aadhaar, Aadhaar is mandatory for e-sign the Khata application. As an alternative, you can give an affidavit instead POA to represent the Khata application)

After the transfer of khata, the name in property tax record changes from mother’s name to your name. If the name is not changed within a month of khata transfer. Mother may have to submit the require letter to revenue officer for name change in property tax record.

Note:

• If the property was self acquired by mother, mother can gift the property to you
• If the property was inherited by mother. You, your sibling and father are legal heir. You may need to register relinquishment deed with your family members to acquire complete share in property.
• Here is the link to execute POA from USA. In this link, we explained about brother giving POA to brother, the procedure is same for son giving POA to mother. The link is just for procedure reference https://www.pgnpropertymanagement.in/how-can-i-give-my-brother-the-power-of-attorney-in-india-from-the-usa/

We provide assistance to execute Power of attorney + Gift deed and khata transfer. To opt for our service, please email to pgnproperties@gmail.com

Thank you for reading…