Gift deed
Biswajit Banerjee
(Querist) 29 April 2014
This query is : Resolved
Hi!
i want to make a gift deed from my father.can anybody tell me the datails of its procedure and its validity in the eye of law.
Thanks in advance.
Biswajit Banerjee
Devajyoti Barman
(Expert) 29 April 2014
1. It is very much valid if done on his fee will.
2. It needs to be registered.
3. You need an advocate to draft, execute and register it.
4. If property is in WB then you need to pay 0.5% stamp duty on market value of gifted property.
Advocate. Arunagiri
(Expert) 29 April 2014
I suggest you to go for a settlement deed. The settlement deed can be registered between the blood relatives.
Rajendra K Goyal
(Expert) 29 April 2014
Consult a local lawyer to draft it and he would also guide you for registration.
K.K.Ganguly
(Expert) 30 April 2014
1. You should not make the Gift Deed from your father. Rather, your father shall have to make the Gift Deed in your favour with free mind to render validity to it,
2. It has to be signed by two nos. witnesses & it will be better if one of the witnesses is a Doctor so that later on no body can claim that the Donor was not in sound mind at the time of signing the Gift Deed,to challenge its validity,
3. You should accept the Gift by apending your signature on the said Gift Deed,
4. The Gift Deed shall have to be registered.
Isaac Gabriel
(Expert) 30 April 2014
You are entitled for your rightful share.Why you want gift or settlement?Whether it is agreeable to other sharers?
T. Kalaiselvan, Advocate
(Expert) 01 May 2014
as advised by experts, contact a local lawyer, get the deed drafted and get the rest of other formalities under the guidance of the said lawyer.
dr g balakrishnan
(Expert) 11 May 2014
my dear friend, how many brothers and sisters you have! that is vital information needed; besides if you do not have any why gift deed? please answer!
