What is the Process gift deed in blood relation

eDrafter 90 views 7 slides Jan 04, 2024
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About This Presentation

Giving property, whether movable or immovable, as a token of love or gratitude to a blood relative or a non-blood relative is referred to as gifting in India. A transaction needs to be registered with the sub-registrar and done so without receiving any remuneration to be deemed legally valid.


Slide Content

Gift Deed in
Blood Relation

INTRODUCTION
Giving property, whether movable or
immovable, as a token of love or
gratitude to a blood relative or a non-
blood relative is referred to as gifting in
India. A transaction needs to be
registered with the sub-registrar and
done so without receiving any
remuneration to be deemed legally
valid.

A property must meet the following
requirements to qualify as a gift under
Indian law:
Which Requirements
Apply to the Gifted
Property?
Property must be either movable or
immovable.
It must be property that is transferable.
In the future, the property shouldn't be
held.
Physical property ought to exist.

Can a gift be given
without a blood relation?
When a property is transferred from one person to another
without the exchange of money, a gift deed is the legal
document utilized. It is not prohibited, though, to execute a
gift deed only for the benefit of blood relatives. A Gift Deed
can be executed on behalf of someone else by anybody,
regardless of their relationship with him; consequently, the
deed need not specify this relationship. To proceed in the
other person's favor, though, the giver needs to explain the
donation.

You can only oppose a registered gift deed if
you can prove in court that it was obtained
through fraud or coercion. In the event you are
unable to produce such proof, the court will
dismiss it. Whether or not the donor is related
to that individual via blood is irrelevant.
If you would like to cancel gift deed, you may
find out if it is feasible by reading our in-depth
blog post on the subject.
CAN THE GIFT DEED BE
CHALLENGED BY A NON-BLOOD
RELATIVE?

THE GIFT DEED PROCESS:
HOW LONG DOES IT TAKE?
Property with a gift deed is similar to other kinds
of property. registration with the Deed Registrar's
Office using the same transfer process. The
difference is that there is no financial exchange
between the donor and the recipient. Gift Deeds
are common in families because of the love and
affection that both sides share.