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    GIFT DEED Model-Assignment

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    Annai Sagayam
    1. Rakesh, an unmarried retired central government employee, executed a gift settlement deed transferring ownership of his tea estate property in Ooty to his niece Ramya. 2. The tea estate was Rakesh's self-acquired property purchased using his own income. 3. The gift settlement deed irrevocably transfers ownership and possession of the property to Ramya so she can enjoy the property and pay taxes, with no rights retained by Rakesh or other legal heirs.

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    GIFT DEED Model-Assignment

    Uploaded by

    Annai Sagayam
    69 views2 pages
    1. Rakesh, an unmarried retired central government employee, executed a gift settlement deed transferring ownership of his tea estate property in Ooty to his niece Ramya. 2. The tea estate was Rakesh's self-acquired property purchased using his own income. 3. The gift settlement deed irrevocably transfers ownership and possession of the property to Ramya so she can enjoy the property and pay taxes, with no rights retained by Rakesh or other legal heirs.

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    GIFT DEED model-Assignment

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    1. Rakesh, an unmarried retired central government employee, executed a gift settlement deed transferring ownership of his tea estate property in Ooty to his niece Ramya. 2. The tea estate was Rakesh's self-acquired property purchased using his own income. 3. The gift settlement deed irrevocably transfers ownership and possession of the property to Ramya so she can enjoy the property and pay taxes, with no rights retained by Rakesh or other legal heirs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    69 views2 pages

    GIFT DEED Model-Assignment

    Uploaded by

    Annai Sagayam
    1. Rakesh, an unmarried retired central government employee, executed a gift settlement deed transferring ownership of his tea estate property in Ooty to his niece Ramya. 2. The tea estate was Rakesh's self-acquired property purchased using his own income. 3. The gift settlement deed irrevocably transfers ownership and possession of the property to Ramya so she can enjoy the property and pay taxes, with no rights retained by Rakesh or other legal heirs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Question No.

    3
    GIFT SETTLEMENT DEED

    The Gift settlement deed has been executed on this ..................

    day of 20..... executed by Rakesh, Son of ............................, residing

    at .................................... Taluk, .............. District in favor of Ramya,

    daughter of ........................ having the permanent resident

    at ................................................ Taluk, .............. District, now working as a

    employee in a Software Company at Chennai, as follows:

    1. You are the daughter of my brother. I have been retired from

    the job of Central Government and I am an unmarried one.

    2. I am the owner of the tea estate which is in Ooty and that is

    myself acquired property earned from out of my own income.

    3. To confirm my decision to do arrange something to you on love

    and affection towards you and to make sure to my decision I

    have executed this Gift settlement deed of my properties

    mentioned as in the schedule which had been entitled by me by

    virtue of a deed registered as in Doc No............................

    dated ...................... with SRO, Ooty, the value of the property

    has not been mentioned in this deed of Gift Settlement. The

    property is in my absolute possession and enjoyment as on date,

    has been handed over the possession to you today on this date

    of execution of Gift settlement deed in favor of you.

    4. From today onwards you can pay the Government Taxes and to

    enjoy the property with all the rights. I assure that there was

    no encumbrance on the settlement deed property mentioned in

    the schedule I have also filed the application to transfer the

    name of the property in the revenue records in favor of you.

    Except you alone, from now on nobody has got right in the gift

    settlement deed property including me and any other legal heirs


    of mine either prior or afterwards has got no rights to claim the

    property.

    5. I did not receive any value for the execution of this settlement

    deed. I assure that I would not cancel this settlement deed.

    Even if I do so, that the same will be invalid. I agree to transfer

    the already obtained electric service connection in your name.

    This Gift settlement deed is irrevocable.

    6. As so with my full consent I have executed this settlement

    deed.

    (Sd)
    ............................(Rakesh)

    In Witnesses thereof the parties have executed this deed of

    partition on this day ....................... of 20.....

    (Sd)
    ............................(Rakesh)

    SCHEDULE OF PROPERTY

    Ooty Registration District, Ooty Sub Registration

    District................... Village, the Tea Estate, bearing in

    S.F.No..................................... an extent of .................................

    With the Following Boundaries:

    (Sd)
    ............................(Rakesh)

    WITNESS:

    1.

    2.

    DRAFTED BY:

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