How to execute gift deed for a property which is mortgaged in bank?
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PGN Property Management, Real Estate & Documentation Consultant with 21+ years of experience 
Answered on April 18,2023
If the property is under mortgage, all the original title documents including registered deed would have been deposited in lending bank, we may not have access to title documents until the mortgage is cleared
Under such circumstances, we can execute gift deed in two scenario
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Close Family members or blood relatives: Can gift property to close family members even if the property is mortgaged. Just the photocopy of title documents is sufficient to register the gift deed in sub-registrar office.
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Non-family member or non-blood relative: To gift property to non-family member, we should obtain No-objection certificate from lending bank that instructs the sub-registrar office to proceed gift deed registration without original title documents. In such scenario, loan may transferred from Donor to Donee.
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- What are the registration and stamp duty charges for gift deed from a sister to her elder brother for a residential property located at Pune? Write Answer
- My brother owns house. I am out of country. I gave him GPA hold. So donor is my brother and donee also is my brother on my behalf acting as GPA holder. He gifted to donee (himself). But he is my GPA holder. Does that mean I own the house now? Write Answer
- What should be the stamp duty for gifting a property from father (hindu) to his daughter who married a muslim? Can the blood relation clause be undone? If so under what rules? Write Answer
- เดธเดนเตเดฆเดฐเดเตเดเตพ เดคเดฎเตเดฎเดฟเตฝ เดตเดธเตเดคเต เดเดทเตเดเดฆเดพเดจเด เดเดดเตเดคเดพเตป เดตเตเดฃเตเด เดฐเตเดเดเตพ เดเดจเตเดคเตเดฒเตเดฒเดพเด? Write Answer
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