When a flat is gifted to a daughter what are the legal implications regarding: i) Title- and how is this established.

When a flat is gifted to a daughter what are the legal implications regarding: i) Title- and how is this established.

If one has gifted a flat to his daughter one should have the gift deed drawn out which should be witnessed by two persons. In case of both the donor and the donee it is preferable to register the said gift deed even if the flat is in a co-operative society. Stamp duty would have to be paid on the gift deed which would be 2% as per the market value of the flat.

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