Wednesday, March 2, 2011

GIFT DEED




               Consideration Value RS.________/-
               Stamp Duty         Rs. _______
               Corporation Tax    Rs. _______
               Total              Rs. _______



 This  Gift Deed is executed at New Delhi  on  this_____  day of
 ________________________, by and between Sh. _______ 
S/o ______R/o _____hereinafter called the "DONOR",

                                                         AND/IN FAVOUR OF

Sh. _______ S/o ______R/o _____hereinafter called the "DONEE".

         The  expression  "Donor" and  "Donee"  herein  used shall mean and include them, their, heirs, successors, legal representatives, administrators, nominees and assignees.


          
          And Whereas the Donee is the real  daughter-in-law of  the  Donor  and out of her love and  affection  for  the Donee,  the Donor has agreed to transfer the said  share  of the  said property. i.e. 1/2 (one-half) undivided  share  in the  Entire  Freehold Built-up Property  bearing  No. ____,alongwith   1/2   (one-half)  undivided,   indivisible   and impartible ownership rights in the freehold land  underneath measuring 190 square yards, (hereinafter referred to as "THE SAID  SHARE  OF THE SAID PROPERTY")  by way of Gift  to  the Donee, which has been accepted by the Donee.

         NOW THIS GIFT DEED WITNESSETH AS UNDER :-

1)         That the aforesaid Donor out of natural love  and affection  for the Donee, of her own free will  and  without any pressure, undue influence or coercion from any side  and without  any monetary consideration, doth  hereby  transfer, convey,  assign  the said share of the  said  property  with super-structures, alongwith all the freehold rights,  title, interest,  easements and privileges alongwith  sanitary  and electrical  installations, fixtures and fittings  whatsoever appurtenant  to the said share of the said property TO  HAVE AND TO HOLD the same unto the Donee, absolutely and forever.
   
2)         That the aforesaid Donor assures the  Donee  that the  said share of the said property hereby gifted  is  free from  all  sorts of encumbrances such as prior  sale,  gift, mortgage, and disputes etc.etc.

3)         That  the  said share of  the  said  property  is already  in possession of the Donee and this fact is  hereby again  confirmed  by  the Donor,  the  Donor  has  delivered proprietary rights and symbolic possession of said share  of the said property to the Donee by this Deed.

4)        That the Donee will pay electricity, water,  house tax  bills  or any other dues and demands of  the  concerned authority in respect of the said share of the said property.

5)         That  the  Value of the said share  of  the  said property  has been assessed by the Valuer at Rs.  ________/- the  stamp  duty has been paid according to law,  the  value setforth  in  this  Deed is  absolutely  fair.  No  monetary transaction has taken place.

6)         That now the Donor admits that she has been  left with  no  right, title, interest or concern  of  any  nature whatsoever  in the said share of the said property  and  the Donee has become the absolute owner of the said share of the said property by this Deed, who shall be fully competent  to use  and  enjoy  the  said share of  the  said  property  or transfer  or  alienate the same to anyone by  way  of  sale,gift,  mortgage, lease or otherwise to anyone in the  manner she  likes, without any claim, demand and objection  by  the Donor and her other heirs and successors.

7)        That the Donor will get the said share of the said property  transferred, mutated and assessed in the  name  of the  Donee  in  the Records of   MCD,  BSES  Rajdhani  Power Limited,  DJB  or any other concerned  authority,  otherwise also the Donee can get her own name so entered on the  basis of this Gift Deed or its certified true copy.






          IN  WITNESS WHEREOF, the Donor and the Donee  have signed  this  Gift  Deed at New Delhi,  on  the  date  first mentioned above in the presence of the following witnesses.

WITNESSES :-

1.
                                         DONOR.



2.                                       DONEE.


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