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Y Gift Deed

The donor, Meenakshi Sharma, gifts a property located at 432, Gandhi Ganj, Meerut, Uttar Pradesh to the donee, Reena Gupta, who is the donor's sister. The property being gifted is a 2,800 square foot piece of land bounded by other properties and a road. The market value of the gifted property is Rs. 75,85,000. Both parties have signed the deed to execute the gift.

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VANSHIKA GOEL
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0% found this document useful (0 votes)
306 views4 pages

Y Gift Deed

The donor, Meenakshi Sharma, gifts a property located at 432, Gandhi Ganj, Meerut, Uttar Pradesh to the donee, Reena Gupta, who is the donor's sister. The property being gifted is a 2,800 square foot piece of land bounded by other properties and a road. The market value of the gifted property is Rs. 75,85,000. Both parties have signed the deed to execute the gift.

Uploaded by

VANSHIKA GOEL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GIFT DEED

This deed of Gift is executed on 29th day of OCTOBER month of 2022 year by

Smt. MEENAKSHI SHARMA, W/o. MANOJ SHARMA, occupation TEACHER,


and aged 42 years, residing at 47, SARAFAN STREET KHATAULI
(MUZZAFARNAGAR) (UTTAR PRADESH) herein after called the DONOR. 1

In favour of

Smt. REENA GUPTA W/o. KAPIL KUMAR GUPTA, occupation


HOMEMAKER, aged 47 years, residing at 630 CHANDI ROAD HAPUR (UTTAR
PRADESH) Herein referred to as the DONEE. 2

Whereas, the term Donor and Donee unless repugnant to the context shall mean and
include their representatives heirs, successors, executors, administrators, trustees,
legal representatives and assigns.

Whereas, the Donor herein, is the sole and absolute owner of immovable property
3
bearing No.425K/RG/89 known as AASHIRVAD VILLA situated at morefully
described in the schedule hereunder written and herein after called the schedule
property.

Whereas, the Donor is the absolute owner, having acquired the property, by
PURCHASE 4 and since then Donor has been in possession and enjoyment of the
schedule property and paying taxes and levies thereon, as sole and absolute owner
thereof.

Whereas the Donee is related to the Donor as SISTER.*

Whereas the Donor desires to grant the said land and premises morefully described
in the schedule written hereunder and hereinafter referred as scheduled property to
the Donee as gift in consideration of natural love and affection subject to the
condition herein after mentioned.

NOW THIS DEED WITNESSETH that the Donor, without any monitory
consideration and in consideration natural love and affection which the Donor bears
to the Donee hereby grant and transfer by way of gift, the scheduled property situated
at 432, GANDHI GANJ, MEERUT, UTTAR PRADESH together with all the
things permanently attached thereto or standing thereon and all the liberties,
privileges, easements and advantages appurtenant thereto and all the estates, rights,
title, interest, use, inheritance, possession, benefits, claims and demand whatsoever
of the Donor TO HAVE AND TO HOLD the same unto the use of the Donee
absolutely but subject to the payment of all taxes, rates, assessments, dues and duties
now and here after chargeable thereon to the Government or local authorities.

Whereas the Donor hereby covenant with the Donee;

(a) That the Donor now has in himself, absolute right, full power, and absolute
authority to grant the said scheduled property hereby granted as gift in the
manner aforesaid.
(b) The Donee may at all times herein after peacefully and quietly enter upon, take
possession of the scheduled property and enjoy the said scheduled property as he
deems fit without any interruption, claim or demand whatsoever from or by the
Donor or his heirs, executors, administrators and assigns or any person or persons
lawfully claiming or to claim by from under or in trust for the Donor.
(c) AND FURTHER that the Donor and all persons having or lawfully claiming any
estate or interest whatsoever to the said scheduled property and premises or any
part thereof from under or in trust for the Donor or his heirs, executors,
administrators and assigns or any of them shall and will from time to time and at
all times hereafter at the request and cost of the Donee do and execute or cause
to be done and executed all such further and other acts, deeds, things,
conveyances and assurances in law whatsoever for better and more perfectly
assuring the said scheduled property and every part thereof unto and to the use
of the Donee in the manner aforesaid as by the Donee his heirs, executors,
administrators and assigns or counsel in law shall be reasonably required.

SCHEDULE OF THE PROPERTY

(Gifted under this deed)

All the piece and parcel of immovable property 5 bearing No. 425K/RG/89

Measuring 2800sq.feet

Bounded by:-
On the East : PROPERTY BELONG TO AJAY KUMAR GARG
On the West : ROAD 8 FEET WIDE
On the South : PROPERTY BELONG TO SHOBHA JAIN
On the North : PROPERTY BELONG TO CHAMBER OF COMMERCE
Market value of the property gifted under this deed is Rs.75, 85,000 (Rupees Seventy
Five Lakh Eighty Five Thousand only).

The Stamp duty is paid on the market value as computed above.

IN WITNESS WHEREOF the Donor as well as the Donee (by way of acceptance of
the said gift) have put their respective hands the day and year first herein above
written.

WITNESSES:

1. YASHIKA PANDIT
D/O MANOJ SHARMA
R/O SARAFAN STREET KHATAULI

2. UTKARSH GUPTA
S/O KAPIL KUMAR GUPTA
R/O 630 CHANDI ROAD HAPUR

DONOR

DONEE

[1
if the Donor is represented by his agent such as guardian or general power of attorney holder
or special power of attorney holder, then his full name, occupation, age, address and capacity
under which he represents the Donor shall be entered]

[2
if the Donee is represented by his agent such as guardian or general power of attorney holder
or special power of attorney holder, then his full name, occupation, age, address and capacity
under which he represents the Donee shall be entered]
3
[ Full details of the property number such as Khata number, street/road with reference to the
local authority records and boundaries shall be furnished. If the land donated is an agricultural
land, details of the survey number, acre, guntas, revenue assessment and boundaries of the land
donated with reference to the revenue records should be furnished. If the property donated is a
Flat / Apartment details of the property on which the Flat / Apartment is constructed, flat
number, floor number, name of the apartment etc., full details of the property so as to identify
shall be furnished.]

4
[ Described whether the ownership is acquired by inheritance or by partition of joint family
property or by release or by gift or by settlement or by will (bequeath) or by sale deed executed
by GAJENDRA SINGH registered as document No.7689 of Book No.526, Volume No.8, Page
No.32-26 in the office of the Registrar or Sub-Registrar]

5
[ Full details of the property number such as Khata number, street/road with reference to the
local authority records and boundaries shall be furnished. If the land donated is an agricultural
land, details of the survey number, acre, guntas, revenue assessment and boundaries of the land
donated with reference to the revenue records should be furnished. If the property gifted is a
Flat / Apartment details of the property on which the Flat / Apartment is constructed, flat
number, floor number, name of the apartment etc., full details of the property so as to identify
shall be furnished.]

[*Gift in favour of husband, wife, sons, and daughters a fixed duty of rupees one thousand plus
additional duty as applicable is leviable. Click on Article 28 of the Schedule to the Karnataka
Stamp Act, 1957.]

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