Gift Deed

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 6

A gift is the transfer of certain existing movable or immovable property

(i) Voluntarily and


(ii) Without consideration
By one person called the donor to another called the donee and accepted by
the donee as per section 122 of TP Act.

Registration is mandatory in case of gift of movable property only when it is


effected by a deed of gift signed by the donor. Stamp duty shall be payable in
accordance with the provisions of the Stamp Act applicable to the state where the
property is situated.

As per the Transfer of Property Act, the transfer of a house property under a gift,


has to be effected by a registered instrument/document, signed by or on behalf of
the person gifting the property and should also be attested by at least two
witnesses.

GENERAL GIFT DEED 


KNOW ALL ME BY THESE PRESENTS that I, ___________________
etc. (Donor) do hereby freely, voluntarily and out of my natural love and
affection for the Donee do hereby transfer unto _______________ etc.
(Donee).
ALL THAT (Parcels) valued at Rupees
______________  (Rs____________________) only; TO HOLD the same
unto and to the use of the said __________________, his heirs,
successors and assigns, absolutely and forever AND that the said
_________________ does hereby, accept the said gift made hereunder.
 
 
IN WITNESS WHEREOF we the said Donor and the said Donee have
hereto at ___________
Signed these presents the ______________ day of __________ 20_____
 
 Donor signature

Donee signature
 
WITNESSES:
1.      ________________________________                                             
                 
2.      ________________________________                                             
                 

REVOCATION GIFT DEED


Date
___________________________________________________________
________________hereinafter referred to as 'the Donor' (Which
expression shall unless repugnant to the context or meaning thereof be
deemed to include his /their heirs, executors, administrator, and assigns)
of the ONE PART.
AND
___________________________________________________________
________________hereinafter referred to as the 'Donee' (Which
expression shall unless repugnant to the context or meaning thereof be
deemed to include his /their heirs, executors, administrator, and assigns)
of the OTHER PART.
WHEREAS the Donor is absolutely seized and possessed of the land and
building thereon situated at ________________ and more particularly
described in schedule hereunder written.
AND WHEREAS the Donee is the widowed, daughter of the Donor’s sister
and has no sufficient means for her livelihood.
AND WHEREAS the Donor therefore desires to make a gift of the said
land and building described in the schedule hereunder written to the
Donee so that she can maintain herself during her life time but subject to
the conditions hereinafter mentioned in para ______ which are acceptable
to the Donee by executing these Presents. The market value of the said
and building is estimated to be Rupees _______________.
 NOW THIS DEED WITNESSETH that with a view to carry out the said
desire of the Donee and in consideration of natural love and affection the
Donor doth hereby grant and transfer by way of gift the said piece of land
more particularly described in the schedule hereunder written together
with the building and structure standing thereon and all the things
permanently attached thereto or standing thereof and all the rights
liberties privileges, easements and advantages appurtenant thereto and
all the estate, right, title and interest of the Donor therein To Have and to
Hold the same unto and to the use of the Donee subject to the conditions
hereinafter mentioned :
a.       The Donee shall have no right to sell, mortgage or otherwise dispose
of the said land hereby gifted.
b.      The gift hereby made shall stand revoked on the remarriage of the
Donee or on her death whichever event shall happen earlier and
thereupon the said land shall revert back to the Donor or his heirs,
executors or administrators as the case may be.
IN WITNESS WHEREOF the Parties have put their respective hands
the day and year first hereinabove written.
THE SCHEDULE
 
Signed and delivered by the within named Donor Mr. ________________
in the presence of
1.          
2.       
Signed by way of acceptance by the within named Donee Mrs.
__________________ in presence of

GIFT DEED OF AN IMMOVALBLE PROPERTY 


THIS INDENTURE made the _______  day of ________ 20___ between
___________________ (hereinafter called the “Donor” which expression
shall unless repugnant to the context or meaning thereof include his heirs
executors and administrators) of the ONE PART.
AND
___________________________________ (hereinafter called the
“Donee” which expression shall unless repugnant to the context or
meaning thereof include his heirs executors administators and assigns) of
the OTHER PART.
WHEREAS the Donor is absolutely seized and possessed of or otherwise
well and sufficiently entitled to free from all encumbrances all that the
piece or parcel of land, premises described in the Schedule hereto
(hereinafter referred to as “the said property”) and intended to be hereby
assured.
AND WHEREAS in consideration of natural love and affection the Donor
bears towards the Donee, the Donor is desirous of making a gift of the
said property to the Donee in manner hereinafter expressed.
AND WHEREAS the Donee has signified his acceptance of the gift hereby
made by executing these presents in testimony thereof.
AND WHEREAS for the purpose of stamp duty the value of the said
property is estimated to be Rs. ____________.
 NOW THIS INDENTURE WITNESETH that for effectuating his said
desire and in consideration of natural love and affection which the Donor
bears towards the Donee the Donor hereby grants conveys transfers
assures and assigns unto the Donee ALL THAT the land hereditaments
and premises described in the, Schedule hereto and hereinafter referred
to as “the said property” TOGETHER WITH all erections fixtures rights
privileges easements advantages and appurtenances whatsoever to the
said property or any part thereof belonging or in anywise appertaining to
or with the same now or heretofore held used occupied or enjoyed or
reputed or known as part or parcel or member thereof or appurtenant
thereto AND ALL the estate right interest claim and demand whatsoever
of the Donor into and upon the said property or any part thereof TO HOLD
the same unto and to the use of the Donee absolutely and forever
SUBJECT nevertheless to the payment of all assessments rates taxes
cesses dues and duties now or hereafter to become payable to the
Government the Municipality or any other private local or public body or
authority in respect thereof AND the Donor hereby covenants with the
Donee THAT the Donor has not at any time heretofore done or executed
or knowingly suffered or been party or privy to any act deed or thing
whereby or by reasons whereof the said property expressed to be hereby
assured or so to be are is can or may be encumbered or affected in any
manner whatsoever or whereby the Donor is in anywise prevented from
assuring the said property or any part thereof in manner aforesaid.
AND FURTHER THAT the Donor and every person having or lawfully or
equitably claiming any estate right title or interest in or to the said
property or any part thereof through under or in trust for the Donor shall
and will from time to time and at all times hereafter at the request and
cost of the person or persons requiring the same execute and do or cause
to be executed and done all such assurances acts deeds matters and
things whatsoever for further and more perfectly assuring the said
property or any part thereof unto and to the use of the Donee in manner
aforesaid as shall or may be reasonably required.
 
                                                              
THE SCHEDULE ABOVE REFERRED TO:
 
 
IN WITNESS WHEREOF the parties hereto have hereunto set and
subscribed their respective hands and seals the day and year first
abovewritten.
                                                                                                     
 
              (Signatures of both the parties)

Deed of gift of immovable property in consideration of marriage


 

THIS DEED OF GIFT made the ________ day of __________

 BETWEEN

_________________________________________________ (insert the name, address,


etc. of father) (hereinafter called the settlor) of the ONE PART

AND

_______________________________________________ (insert the name, address,


etc. of intended husband) (hereinafter called the beneficiary) of the OTHER PART.

WHEREAS:

1. The settlor is the owner in possession free from encumbrances of the property described in
the Schedule hereto and hereinafter referred to as “the said property”.
2. By an agreement dated the _______ day of ______ 20____ the settlor agreed that if the then
intended marriage between the beneficiary and [daughter of the settlor] being the daughter of
the settlor were solemnised within _____ months the settlor would convey the said property to
the beneficiary for his own absolute use and benefit in consideration of the marriage.?[Or (2)
It is intended that a marriage shall shortly be solemnised between the beneficiary and
[daugther of settlor] being the daughter of the settlor].?NOW THIS DEED made [in pursuance
of the said agreement and] in consideration of the said marriage.
WITNESSETH as follows:

1. The settlor as settlor hereby conveys unto the beneficiary all that [parcels]  more fully
described in the Schedule hereunder written and hereinafter referred to as “the said property”
TO HOLD the same unto the beneficiary in absolutely and for ever [conditionally upon the
said marriage taking place within six months from the date hereof.
2. The beneficiary hereby covenants with the settlor that if upon the expiration of six months the
said marriage has not been solemnised he will forthwith reconvey the said property to the
settlor.
 

THE SCHEDULE ABOVE REFERRED TO :

[Description of the property]


 
 

[Signatures of both parties]

You might also like