Harish (Manager) 09 March 2022

Transfer deed vs. gift deed in haryana

By academic definition I understood a transfer deed can include any deed which include exchange of hands , including sale deed and gift deed. By what if any state , Haryana in particular have 3 different types of deeds for Property - Sale Deed, Transfer Deed, Gift Deed. Reference - https://jamabandi.nic.in/DefaultPages/DeedTemplatesNew

As I checked with local dealer he said both ( Transfer and Gift ) can work in case of transfer of property in blood relationship . But I need to know the difference between implications ( monetary and legal ) of a transfer deed in blood relation Vs. a gift deed in blood relation for an immovable property.

Please help.

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Quick Summary

This discussion explores the distinctions between Transfer Deeds and Gift Deeds for property in Haryana, particularly for transfers within blood relations. While a transfer deed can be conditional and potentially revocable if terms aren't met, a gift deed is generally irrevocable and requires official action to cancel. The conversation aims to clarify the monetary and legal implications of choosing one over the other for immovable property.

3 Replies

Shashi Dhara 09 March 2022

Gift is given with love and affection ,transfer may be conditional .

Harish (Manager) 09 March 2022

Originally posted by : Shashi Dhara

Gift is given with love and affection ,transfer may be conditional .

Interested to know What are monetary and legal implication in case of transfer deed Vs Gift Deed , done with Blood relationship ?

Shashi Dhara 10 March 2022

In transfer deed you can imply conditions ,if conditions are not satisfied you can revoke but in gift it is irrevocable and to cancel the gift you have to approach concerned authorities.