GIFT DEED (I)
(The Gift deed for any immovable property is required to be registered with stamp duty and registration fees as required under law)
THIS DEED OF GIFT IS MADE BETWEEN
Sh.________ s/o Sh._______ r/o __________ (hereinafter referred to as "the donor")
AND
Sh._________ s/o Sh._______ r/o _________ (hereinafter referred to as "the donee")
WHERE AS
1. The donor is the absolute owner and possessed the house situated at ________ .
2. The donor and donee are related to each other as father and son.
3. 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. The donee has accepted this Gift.
NOW THIS 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 and the donee hereunto have signed this deed this
Date:
Place:
WITNESS:
1. THE DONOR
2. THE DONEE
