What is the procedure to be followed to transfer the property to one’s name again?
Question asked by Vinoth:
I am an NRI and I gave my power of attorney to my father who resides in India. I bought one house and during registration we found that the power of attorney couldn’t be executed immediately as I need some procedures and I have registered in my parent’s name. In order to transfer the property to my name again
1.what is the procedure to be followed?
2.Is that any amount needs to paid again for transfer back to my name?
Please let me know.
Warm Regards
Vinoth
Vatsala Speak:
Your parents can execute a registered gift deed in your name now. It is not costly to do that. You can be present in person in India or through power of attorney.Vatsala
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September 13th, 2008 at 8:26 PM
Hi
Thank you very much for providing this service. I have a follow-up question on the same
Based on the same questions, what the if he has siblings, and if his father gifts him the property back, can his siblings later dispute saying that it is their father’s property and he did not distribute it fairly or the person who accepted as gift forced his parents to do so.
-Kishore
October 8th, 2009 at 11:49 AM
Vatsala Replies:
A gift deed is irrevocable only on the grounds of coercion, fraud, misrepresentation or undue influence.. If these conditions are not proved the gift deed cannot be revoked. You should consult a lawyer with the facts and circumstances of the case to see if there are sufficient grounds for revocation.