gift deed - DOC by tQ7Cr31i

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                                    GIFT DEED

CHART FOR CALCULATION OF VALUE WITH REGARD TO CIRCLE
RATE FOR THE PAYMENT OF STAMP DUTY AND TRANSFER DUTY


Total Area of Plot/flat ……………………………………Sq. Meters
Cost of land ……………………………………………….
Built up area………………………………………………Sq. Meters
Number of floors constructed/semi constructed
Category …………………………………………………………..
User Type………………………………………………………….
Year of construction………………………………………………
Cost of construction………………………………………………

Total value as per circle rate i.e. Cost of land * use factor+cost of construction * age
factor * type of construction.

Stamp Duty Rs……………………………..

Transfer Duty Rs……………………………

Total Rs. …………………………………..

      This GIFT DEED is made and executed at DELHI on this ________ day
of _______________________________ BETWEEN __________________,
S/O,                                                                 D/O,
W/O___________________________________,R/O_______________________
______________________,           hereinafter         called          the
………………………………..DONOR PARTY NO.1.


                                         -   AND-

______________________________________, S/O, D/O, W/O _____________

R/O.______________________________________________________________
___,

Hereinafter called the ……………………………………………… DONOR
PARTY

NO.2.


      The expressions of the DONOR PARTY No. 1 and the DONEE PARTY
NO.2 shall mean and include their respective heirs, successors, executors,
nominees, assignees, administrators and legal representatives etc.

       WHEREAS the DONOR PARTY NO.1 is the absolute Owner and in
possession         of       the            property            no.


_____
bounded     as     under,    by    virtue     of    sale    deed/lease
deed_______________________dated: _____________ duly registered as
Document NO. _______________, in Addl. Book. No. 1________, Volume
No._________, on pages ___________ to __________________, registered on
________With the Sub-Registrar, Sub-Distt. No._________________, Delhi,
executed by Sh___________________.

EAST:
WEST:
NORTH:
SOUTH:

        And WHEREAS the above mentioned PROPERTY is free from all sorts of
encumbrances such as liens, charges, claim, liabilities, acquisitions, injunctions or
attachments from any Court of Law, gifts, mortgages, demands, notices,
notifications, legal disputes, difference, prior sale and flaws etc. etc. and the
DONOR PARTY No.1 is fully entitled to dispose of the same.

       AND WHEREAS the DONOR PARTY NO.1 has great love and affection
For the DONEE PARTY No.             2 being        HIS/HER Real
__________________(BLOOD RELATION)

       AND WHEREAS THE DONOR PARTY NO. 1 has agreed to
Gift/Donate the aforesaid property _____________________________________



 (hereinafter referred to as the PROPERTY UNDER DONATION/GIFT), UNTO the
DONEE PARTY NO.2 and the DONEE PARTY NO.2 have also agreed to accept
the same.

            NOW THIS GIFT DEED WITNESSETH AS UNDER:


   (1)     That the DONOR PARTY NO.1 does hereby donate/gift the aforesaid
           property__________________________________________________

           ___________________________________,
           UNTO_____________________
           S/O,                       D/O,                     W/O
           _____________________________________________, R/O, AS
           ABOVE- DONEE PARTY NO. 2 on account of great love and
           affection for THEM being HIS/HER REAL ---------


   (2)     That the aforesaid PROPERTY UNDER DONATION/GIFT is
           occupied by M/s. _________________________ on a monthly rent of
           Rs.__________________ . The Tenants have been advised to adorn
           the       DONEE           PARTY            NO.2      as     THEIR
           Landlord____________________________-AND                      PAY
           __________________ Rents in question from today. The Symbolic and
           Proprietory possession of the aforesaid PROPERTY UNDER
           DONATION/GIFT has been handed-over/ delivered to the DONEE
           PARTY NO2 by the DONOR PARTY NO.1 at the Spot .
   (3)     That the DONEE PARTY NO. 2 has now become the absolute and
           exclusive Owner with all rights in the aforesaid PROPERTY UNDER
           DONATION/GIFT from today and shall also enjoy all rights of
           Ownership etc. therein..

           The DONOR PARTY NO.1 has now been left with no right, title,
           interests or liens etc. whatsoever of any sort/nature in the aforesaid
           PROPERTY UNDER DONATION/GIFT henceforth after the
           execution/ registration of this GIFT DEED. The property in question is
           free from acquisition by the Govt. nor is it notified under section 4 & 6
           of the Land Acquisition Act 1894.
(4)      That the DONEE PARTY NO.2 with HIS/ HER own funds shall get
         the     aforesaid     PROPERTY UNDER DONATION/GIFT
         transferred/mutated in his favour in the records of the Deptt.(s)
         concerned on the basis of this GIFT DEED even in the absence of
         the DONOR PARTY NO. 1 who shall have no objections in this regard
         and will also extend full co-operation to the DONEE PARTY NO.2,
         when asked for/ required/ necessary in this regard.
(5)      That the DONEE PARTY NO.2 has accepted the GIFT of the said
         PROPERTY UNDER DONATION/GIFT DEED and has also taken-
         over the Symbolical and Proprietory/Ownership possession of the
         same from the DONOR-PARTY NO.1 ..
(6)      That the market value of the above mentioned PROPERTY UNDER
         DONATION/GIFT                has         been           assessed        at
         Rs.______________________
         (Rupees_________________________________________ only), as
         per the circle rates notified by Govt. under the provision of the Delhi
         Stamp (Under Valuation of Instruments of Immovable Properties)
         Rules, 2007. All facts relating to the market value and chargeability
         of stamp duty and transfer duty have been fully mentioned in this deed
         including form ‘A’ being submittied with this deed to the registration
         authority.
(7)      That all the expenses of the GIFT DEED such as Stamp Duty,
         registration charges and registration Fees etc. etc. have been borne and
         paid by the DONOR PARTY NO. 1./ DONEE PARTY NO 2.
(8)      That all future taxes, cesses, rates or any other Govt. or Municipal
         dues and demands in respect of the above mentioned PROPERTY
         UNDER DONATION/GIFT shall be borne and paid by the DONEE
         PARTY NO.2.
(9)      That all the Title Deeds/papers including previous title deed (in
         originals), relating to the aforesaid PROPERTY UNDER
         DONATION/GIFT have been handed-over/delivered to the DONEE
         PARTY NO.2 by the DONOR PARTY NO.1 at the Spot.

      In witness whereof, the parties have signed and affixed their signatures
      thumb mark on this GIFT DEED at DELHI on the date, month and year
      first above written in the presence of the following witnesses after fully
      considering and admitting the facts thereof:

      WITNESSES:                              DONOR PARTY NO. 1

      1.___________________                    ( _________________ )

                                               DONEE PARTY NO.2

      2. ___________________                    ( _________________ )

								
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