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We connect you with professionals who are expert at drafting Gift Deeds.You can avail the best Gift deed format and registration services from taxolawgy.
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Gift Deed A gift deed is a legal document which describes the transfer of moveable or immovable property made voluntarily by the owner of the property to the receiver without any exchange of money. Both moveable and immovable properties come under the ambit of a gift deed.
Benefits of a Gift Deed It records the transfer of the property to the receiver. It has evidentiary value and acts as legal proof. It provides legal protection in case of any future disputes.
Documents required for Property Gift Deed registration: • The original Gift deed. • The original sale deed of the property. • Encumbrance certificate. • Certified ready reckoner value. • Pan card of both parties (execution purposes). • Two different witnesses at the execution period. • Any other document as may be required by the State government.
Exceptions to Gift Deed Exceptions Minors are an exception to gift deed. It can be done by a legal guardian on behalf of minor. In case a gift is burdensome the minor has two options that are to either bear the burden or return the gift upon him attaining the age of majority.
Validity Of Orally Made Gift Deed In order for a gift of immovable property to be valid, the law states that it must be registered and should be backed by legal paperwork.
How does Taxolawgy help you with any issue related to gift deed? 1 Provides free consultation by our team of experts.2 Connects with highly qualified lawyers, who:3 Help you draft gift deeds hassle-free4 Solve all your queries5 Help you submit the correct paperwork.
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