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A gift of immovable property is normally effected by a gift deed and not through a pre-printed transfer form. Therefore, it would be advisable for your uncle to execute a gift deed.
A registered gift deed transfers property ownership permanently and cannot be revoked unilaterally, unless specifically ...
GIFT DEED A Gift Deed is a legal instrument executed to document a valid transfer of immovable property in form of a gift as per the provisions of the law.
A Gift deed would refer to a legal document by way of which the Donor of immovable or movable property transfers his/her property to the Donee as a gift.
Property transactions through GPA were evolved, inter alia, to avoid (i) payments of stamp duty and registration charges on sale/conveyance deeds; and (ii) payment of capital gain tax on transfer ...
The registration of the gift deed in this case is not mandatory. Only gift deeds that contain immovable property as a gift to kin or third party needs to be registered.
The Court explained that a gift or settlement of immovable property does not necessarily need actual possession; executing, registering the deed, and acceptance by the beneficiary is enough for ...
Is using a gift deed advantageous? A gift deed is an instrument that allows you to transfer a movable or immovable property to the donee (the person receiving the property).
Unless registration of the gift deed is completed, the title does not pass on to the donee, in case of gift of immovable property.
A gift of immovable property is normally effected by a gift deed and not through a pre-printed transfer form. Therefore, it would be advisable for your uncle to execute a gift deed.
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