GIFT DEED
THIS DEED OF GIFT is made at on this day of , 20.
BETWEEN
Mr./Ms. , son/daughter/wife of , residing at (hereinafter referred to as the "DONOR", which expression shall, unless repugnant to the context, include his/her heirs, legal representatives, executors, administrators and permitted assigns) of the ONE PART;
AND
Mr./Ms. , son/daughter/wife of , residing at (hereinafter referred to as the "DONEE", which expression shall, unless repugnant to the context, include his/her heirs, legal representatives, executors, administrators and permitted assigns) of the OTHER PART.
Recitals
WHEREAS the Donor is lawfully seized and possessed of, and has transferable title to, the immovable property more particularly described in the Schedule below ("the said Property").
AND WHEREAS the Donee is the of the Donor.
AND WHEREAS the Donor, voluntarily and without any monetary or other consideration, desires to gift the said Property to the Donee, and the Donee has agreed to accept the gift.
Operative Clauses
NOW THIS DEED WITNESSETH AS FOLLOWS:
1. The Donor hereby voluntarily grants, conveys, transfers and assigns by way of gift to the Donee all the Donor's right, title and interest in the said Property, together with all buildings, structures, easements, liberties, privileges and appurtenances belonging or attached thereto, to hold the same absolutely, subject to applicable law.
2. The Donor declares that no consideration has been paid or is payable by the Donee for this transfer.
3. The Donee hereby accepts the gift of the said Property during the lifetime of the Donor.
4. The Donor declares that he/she has the legal right and authority to gift the said Property and that the title and encumbrance position has been disclosed to the Donee.
5. With effect from registration and completion of the gift in accordance with law, the Donee shall be entitled to possess, use and enjoy the said Property and to have the relevant municipal, revenue, association or other records mutated or transferred, subject to applicable procedure.
6. Taxes, rates, assessments, maintenance charges and other outgoings relating to the said Property shall thereafter be borne as agreed by the parties and as required by law.
7. The Donor shall, when reasonably required, execute lawful further documents or acts necessary to give effect to this gift and to perfect the Donee's title.
SCHEDULE OF THE PROPERTY
All that piece and parcel of immovable property bearing Property/Survey/Plot/Flat No. , measuring , situated at .
Boundaries:
East:
West:
South:
North:
Stamp-duty/market value for registration purposes, where required: ₹ (Rupees only).
IN WITNESS WHEREOF, the Donor has executed this Gift Deed and the Donee has signified acceptance of the gift on the date and at the place first written above.
DONOR
Name:
Signature:
DONEE
Name:
Signature:
WITNESSES
1. Name:
Address:
Signature:
2. Name:
Address:
Signature: