My father transferred his property to me through a gift deed so I know about the gift deed format for immovable property.
Let me first explain what is gift deed of immovable property
A property gift involves transferring your property ownership to another person by executing a gift deed. The gift deed is an instrument through which the movable or immovable property is transferred to another person as a gift. Here, no consideration is involved.
An immovable or immovable property, or an existing property that is transferable, can be gifted and need a gift deed. Our lawyer recommended us to register the gift deed to prevent any litigation that comes up thereafter.
Let me tell you about the gift deed format for immovable property now:
You are required to include these details in the gift deed:Date and place on which the deed will be executed.
Relevant details regarding the donee and the donor, like their names, signatures, date of birth, relationship, and address
Every detail about the property.
2 witnesses to bear testimony as well as their signatures.
Mention that there is not any force or money involved
Specify that you’re the owner of your property when you gift
Gives the description of the property
Establish the relationship between the donor and the donee
Mention liabilities
Delivery clause
Revocation of the gift
Check the gift deed format on the official government website here
I think you will find these answers helpful:
Can a gift deed which is not self acquired be challenged by the legal heirs
Can gift deed be revoked
How to change the name in electricity bill after gift deed has been signed
Can gift deed be challenged in court?
I am attaching the gift deed format for immovable property for your reference.
What is gift deed of immovable property?
Eshan
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2021-12-02T16:57:47+00:00 2021-12-09T11:22:50+00:00Comment
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