GIFT DEED
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. 1
In favour of
Sri./Smt.__________________________S/o./W/o._________________________,
occupation____________________, aged __________ years, residing
at_________________________________________________________________
_________________________________________________________________
Herein referred to as the DONEE. 2
Whereas, the term Donor and Donee unless repugnant to the context shall mean
and include their representatives heirs, successors, executors, administrators,
trustees, legal representatives and assigns.
Whereas, the Donor herein, is the sole and absolute owner of immovable property
3 bearing No.___________ known as _____________________ situated at
morefully described in the schedule hereunder written and herein after called the
schedule property.
Whereas, the Donor is the absolute owner, having acquired the property, by
____________________ 4 and since then Donor has been in possession and
enjoyment of the schedule property and paying taxes and levies thereon, as sole
and absolute owner thereof.
Whereas the Donee is related to the Donor as ____________.*
Whereas the Donor desires to grant the said land and premises morefully described
in the schedule written hereunder and hereinafter referred as scheduled property to
the Donee as gift in consideration of natural love and affection subject to the
condition herein after mentioned.
NOW THIS DEED WITNESSETH that the Donor, without any monitory
consideration and in consideration natural love and affection which the Donor
bears to the Donee hereby grant and transfer by way of gift, the scheduled
property situated at ___________________________together with all the things
permanently attached thereto 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 whatsoever 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 covenant with the Donee;
(a) That the Donor now has in himself, absolute right, full power, and absolute
authority to grant the said scheduled property hereby granted as gift in the
manner aforesaid.
(b) The Donee may at all times herein after peacefully and quietly enter upon, take
possession of the scheduled property and enjoy the said scheduled property as
he deems fit without any interruption, claim or demand whatsoever from or by
the Donor or his heirs, executors, administrators and assigns or any person or
persons lawfully claiming or to claim by from under or in trust for the Donor.
(c) AND FURTHER that the Donor and all persons having or lawfully claiming
any estate or interest whatsoever to the said scheduled property and premises
or any part thereof from under or in trust for the Donor or his heirs, executors,
administrators and assigns or any of them shall and will from time to time and
at all times hereafter at the request and cost of the Donee do and execute or
cause to be done and executed all such further and other acts, deeds, things,
conveyances and assurances in law whatsoever for better and more perfectly
assuring the said scheduled property and every part thereof unto and to the use
of the Donee in the manner aforesaid as by the Donee his heirs, executors,
administrators and assigns or counsel in law shall be reasonably required.
SCHEDULE OF THE PROPERTY
(Gifted under this deed)
All the piece and parcel of immovable property 5 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