The pattern of land transferring is a remarkable factor that is creating a significant problem in new dimension of population ageing. Most of older persons in Bangladesh, particularly in rural areas, largely depend on their land property for their livelihood. After a certain period of his death, his sons will inherit the land property. This study examines the intergenerational process of transformation of land property from elderly fathers to their sons using Markov chain model. Results of analysis show that father’s agricultural land, homestead land, pond land and other types of land will be stable after nine generations, six generations, four generations and seven generations respectively. Therefore, more works are needed to identify an intergenerational process of the transfer of land property of the elderly population to implicate necessary policies and programs.