Gift Deed

(3 customer reviews)

Gift Deed

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₹5,999.00

Product price: ₹5,999.00
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Gift Deed

(3 customer reviews)

Gift Deed

A gift deed serves as a legal agreement utilized when an individual intends to transfer their property or money to another person as a gift. This property can include both movable and immovable assets. In this arrangement, the individual transferring the property is known as the donor, while the recipient is referred to as the donee.

 

Elements of a Gift Deed

Essential Components of a Well-Drafted Gift Deed:

  1. Place and Date: Clearly state the place and date of execution of the deed.
  2. Donor and Donee Information: Provide comprehensive details about both the donor and the donee, including their names, addresses, relationship, dates of birth, and signatures.
  3. Property Description: Include thorough particulars about the property to accurately identify it, such as its location, address, plot number, etc.
  4. Liabilities: Specify any existing liabilities associated with the property, such as liens or encumbrances.
  5. Delivery Clause: Define the terms and conditions regarding the transfer of the property from the donor to the donee.
  6. Revocation Provision: Address whether the donor retains the authority to revoke the Gift Deed under specific circumstances.
  7. Expression of Free Will: Clearly state that the donor is gifting the property willingly and without any coercion, fraud, or undue influence.

These key components ensure that the Gift Deed is comprehensive, legally sound, and effectively conveys the intentions and obligations of the parties involved.

 

Regulations Overseeing the Gift Deed

Laws Governing Gift Deeds in India encompass:

  1. Transfer of Property Act, 1882
  2. The Indian Contract Act, 1872
  3. Stamp Duty Act (State specific)
  4. Registration Act, 1908
  5. Indian Succession Act, 1925
  6. Hindu Succession Act, 1956
  7. Hindu Undivided Family and Hindu Partition Act of Property, 1892
  8. The Muslim Personal Law (Shariat) Application Act, 1937

MyLawPoint for property document verification was 100% worth it. Initially, I hired a lawyer for bank loan document processing but was disappointed with their professionalism. MyLawPoint connected me with an expert advocate who articulated all possible pitfalls in purchasing the property (DC Survey 66/1 Chikkanagamangala) from Reliaable Developer. Their detailed legal report helped me avoid a potential loss of 80 lakhs. I'm grateful for MyLawPoint's excellent coordination and swift document collection. Thank you to their team for saving me from a risky investment.

Govind

I purchased a flat in Hyderabad, but the builder delayed possession beyond the committed date. This caused significant financial strain as I was paying high EMIs and rent, leaving me with no money at month-end. Feeling stressed and helpless, I discovered MyLawPoint. Their Property Expert Lawyer suggested sending a legal notice to the builder and appealing to RERA for the delayed possession. Thanks to their guidance, I received compensation from the builder for the delay and finally gained possession of my flat. MyLawPoint's support was invaluable in resolving this effectively.

Malani

I had an exceptional experience with MyLawPoint. Their support throughout the entire process, from Property Paper Verification to the Sale Deed Registration, was truly comprehensive and invaluable. The level of service they provided exceeded my expectations, and I am highly satisfied with the outcome. Their dedication to keeping me informed with timely updates at every step of the way further showcased their professionalism and commitment to client satisfaction. I wholeheartedly recommend MyLawPoint to anyone in need of legal support for their property transactions.

Gerald Gilbert

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Frequently Asked Question

Is Stamp Duty included in MyLawPoint's fee?

No, stamp duty is not included in MyLawPoint's fee. It should be paid separately, and our lawyers will assist you in procuring it.

How long does it take to register the property?

The time taken for property registration varies based on the sub-registrar office and property registration flow. Typically, after document submission to MyLawPoint, expect 3-7 days for lawyer-assisted property appointments with the local sub-registrar office.

Do I need to be present at the Sub Registrar Office?

Yes, while MyLawPoint handles appointments and formalities, your presence at the sub registrar’s office is required on the day of registration appointment.

Can an Agreement to Sell be cancelled?

Yes, an Agreement to Sell can be cancelled through mutual consent or if a condition in the contract permits cancellation. However, penalties or consequences may be specified in the agreement for cancellation.

Gift Deed

On Sale
(3 customer reviews)

Gift Deed

A gift deed serves as a legal agreement utilized when an individual intends to transfer their property or money to another person as a gift. This property can include both movable and immovable assets. In this arrangement, the individual transferring the property is known as the donor, while the recipient is referred to as the donee.

 

Elements of a Gift Deed

Essential Components of a Well-Drafted Gift Deed:

  1. Place and Date: Clearly state the place and date of execution of the deed.
  2. Donor and Donee Information: Provide comprehensive details about both the donor and the donee, including their names, addresses, relationship, dates of birth, and signatures.
  3. Property Description: Include thorough particulars about the property to accurately identify it, such as its location, address, plot number, etc.
  4. Liabilities: Specify any existing liabilities associated with the property, such as liens or encumbrances.
  5. Delivery Clause: Define the terms and conditions regarding the transfer of the property from the donor to the donee.
  6. Revocation Provision: Address whether the donor retains the authority to revoke the Gift Deed under specific circumstances.
  7. Expression of Free Will: Clearly state that the donor is gifting the property willingly and without any coercion, fraud, or undue influence.

These key components ensure that the Gift Deed is comprehensive, legally sound, and effectively conveys the intentions and obligations of the parties involved.

 

Regulations Overseeing the Gift Deed

Laws Governing Gift Deeds in India encompass:

  1. Transfer of Property Act, 1882
  2. The Indian Contract Act, 1872
  3. Stamp Duty Act (State specific)
  4. Registration Act, 1908
  5. Indian Succession Act, 1925
  6. Hindu Succession Act, 1956
  7. Hindu Undivided Family and Hindu Partition Act of Property, 1892
  8. The Muslim Personal Law (Shariat) Application Act, 1937

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₹5,999.00

Product price: ₹5,999.00
Total options:
Order total: