GIFT DEED FORMAT
This deed of Gift is executed on ________ day of ______________ month of _____________ year by Sri./Smt.__________________________, S/o./ W/o.____________________________, occupation____________________, and aged __________ years, residing at_________________________________________________________________ _________________________________________________________________(herein after called the DONOR)
IN FAVOUR OF
Sri./Smt.__________________________S/o./W/o._________________________, occupation____________________, aged __________ years, residing at_________________________________________________________________ _________________________________________________________________ (Herein referred to as the DONEE)
Whereas, the term Donor and Donee shall mean and include their representative’s heirs, successors, executors, administrators, trustees, legal representatives and assigns.
Whereas, the Donor herein, is the sole and absolute owner of immovable property [DESCRIPTION OF PROPERTY]
Whereas, the Donor is the absolute owner, having acquired the property, by [means of acquiring] and [description about possession] [taxing terms].
Whereas the Donee is related to the Donor as [state relationship].
Whereas the Donor has decided to gift the said property to the donee as gift in consideration of love and affection.
NOW THIS DEED WITNESSETH that the Donor, with love and affection being the consideration hereby gift the property situated at ___________________________together with all the things permanently attached to the property or standing thereon and all the liberties, privileges, easements and advantages appurtenant thereto and all the estates, rights, title, interest, use, inheritance, possession, benefits, claims and demand of the Donor TO HAVE AND TO HOLD the same unto the use of the Donee absolutely but subject to the payment of all taxes, rates, assessments, dues and duties now and here after chargeable thereon to the Government or local authorities.
Whereas the Donor hereby agree with the Donee the following;
(a) The Doner has the absolute ownership in the property.
(b) The Donee is entitled to take the possession of the property and enjoy it.
(c) The Donor and his legal heirs has absolutely transferred every interest in the property and shall allow the peaceful possession of Donee in the said property.
SCHEDULE OF THE PROPERTY
All the piece and parcel of immovable property
Bearing No.____________
Measuring _______________
Bounded by:-
On the East :
On the West :
On the South :
On the North :
Market value of the property gifted under this deed is Rs._____________ (Rupees________________________________ only).
The Stamp duty is paid on the market value as computed above.
IN WITNESS WHEREOF the Donor as well as the Donee (by way of acceptance of the said gift) have put
their respective hands the day and year first herein above written.
WITNESSES:
1. DONOR
2. DONEE
kktaxationllp
