A sample Gift Deed


Important points
  1. Gifts are governed by Transfer of Property Act, 1882. A gift can be given of any property - movable or immovable.
  2. As per Sec 122, for a gift to be valid - 
    1. the property that is to be gifted must be in existence at the time of making the gift (for example, future expected crop produce cannot be gifted)
    2. the donor must be the lawful owner of the property
    3. must be voluntary
    4. must be without consideration
    5. must be accepted by the donee
  3. As per S. 123, if the gift is of an immovable property, the gift deed must be registered and attested. The gift of a movable property can be effected by registration or by delivery of the property.



Gift Deed for an Immovable Property


THIS DEED OF GIFT IS MADE BETWEEN :-
 
Sh.________ s/o Sh._______ r/o __________ (hereinafter referred to as "the donor")
AND
Sh._________ s/o Sh._______ d/o _________ (hereinafter referred to as "the donee")

WHERE AS
  1. The donor is the absolute owner and is in possession of the house situated at ________  having boundary description as under:
  2. East: West: North: South
  3. The donor and donee are related to each other as father and daughter.
  4. That out of natural love and affection of the donor for the donee, the donor is desirous of conveying the said property as gift to the donee. 
  5. That the donor has no other male child and has two daughters only
  6. That the donee has been taking care of the donor in his old age.
  7. That the donor is also living with the donee's family.
  8. That the donor is of sound mind and is not under any intoxication, undue influence, or coercion while making this gift deed.

NOW THIS GIFT DEED WITNESSES AS FOLLOWS:

1. In consideration of the natural love and affection of the donor for the donee, the donor hereby transfers to the donee the said property, the estimated value of which is Rs._________ (Rupees_______ only) to the donee to hold the same to the donee absolutely forever.
2. The donee has accepted this Gift and has taken the physical possession of the said property.

IN WITNESS WHERE OF, the donor gets and subscribes his signature and deliver in presence of the witness.

Date:                                                                                               (Signature of Donor)
Place:                                                                                              DONOR


(Signature of Witness)
WITNESS 1:
Name and Address  

(Signature of Witness)
WITNESS 2:
Name and Address  


                                                                    ACCEPTANCE

Accepted by the said Donee.

(Signature of Donee)
DONEE
Name and Address