Wondering, “How to prepare a gift deed?” A gift deed is a legal document used when someone wishes to gift their property or money to another person.
How to Make Gift Deed for Property?
Here’s how you can create one,
Draft the Gift Deed: Include the following details,
Place and date of execution.
Full names, addresses, and relationship of the donor (giver) and the donee (recipient).
Complete property details (description).
Two witnesses’ names and signatures.
Ensure the deed meets legal criteria.
Stamp Paper and Registration:
Depending on the property value, print the gift deed on stamp paper.
Pay the required stamp duty.
Register the gift deed at the registrar or sub-registrar’s office.
Gift Deed Rules:
The donor should be in sound mental and physical health.
The property must be free of encumbrances (legal disputes, mortgages, etc.).
I hope this helps you understand how to make gift deed for property.
Get Your Gift Deed Drafted & Verified Via Legal Experts at NoBrokerRead More:
How to do property transfer through Gift Deed?
Your Feedback Matters! How was this Answer?
Fast & Reliable Online Khata Transfer
✔
Dedicated Senior Advocates✔
Lowest Price✔
Fastest Process
Khata Package
Know More
Khata Transfer
Transfer Now
E-Aasthi Conversion
Transfer Now
Gift deed is basically made to gift a property and its ownership to another person legally. If you are planning to gift your property to someone else - a relative or a friend, then you are right in exploring this option. I am going to help you know how to make a gift deed for property.
How to make a gift deed in India?To make a gift deed, you must include the following details:
Place and date of execution of gift deed
Information about donor and donee
Property details
2 witnesses and their details along with signatures
You must mention that there is no money or force involved in drafting the gift deed. Establish the fact that you are the owner of the property and are rightfully gifting the property. You will also need to explain in detail about your relationship with the donee. You should also mention clauses for revocation, liabilities, and delivery of the property.
Now that you are clear about details and clauses to be included in the gift deed, lets talk about how to make a gift deed.
Hire a lawyer and ask him to draft the gift deed for you on a stamp paper. Tell him/her about the clauses in detail and seek their expertise. Now get it registered in the SRO.
Need legal advice? Seek help from NoBroker Legal Service Providers Read more: Can Gift Deed be Revoked Can Gift Deed be Challenged in Court
How to Make Gift Deed?
Girish
1036 Views
2
3 Year
2022-03-16T10:37:16+00:00 2024-06-28T14:22:59+00:00Comment
Share