CONTENTS OF GIFT DEED

A well drafted Gift Deed should contain the following:

• Place and date: Place and date on which the deed is to be executed.
• Information about donor and donee: Relevant information regarding the donor and the donee, such as their names, address, relationship, date of birth and signatures.
• Property: Complete details about the property to identify it, such as location, address, plot number, etc.
• Liabilities: The liabilities such as lien, encumbrances, etc. should also be mentioned.
• Delivery: The clause specifying the delivery of the property from the donor to the donee must be there.
• Revocation: The gift deed can also state whether the donor has the power to revoke the Gift Deed upon certain circumstances, or not.
• Free will: It must state the donor is gifting the property out of his own free will and not due to coercion, fraud or undue influence.

LAWS GOVERNING THE GIFT DEED

The different laws which govern various aspects of Gift Deed in India are as follows:

• Transfer of Property Act, 1882
• The Indian Contract Act, 1872
• Stamp Duty Act (State specific)
• Registration Act, 1908
• Indian Succession Act, 1925
• Hindu Succession Act, 1956
• Hindu Undivided Family and Hindu Partition Act of Property, 1892
• The Muslim Personal Law (Shariat) Application Act, 1937

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