A settlement deed is a very important document. It is an agreement between relevant parties to settle a dispute. It is legally binding. Settlement deed is an enforceable document. It can be settled which has been self acquired. Gift deeds can be given to any person. Settlement deeds are given to family members. Settlement deeds can be a time and it deals with cost effectively. It can be a highly effective way of resolving .It allows to avoid courtstress.It allows to settle disputes without attracting publicity, keep the legal issue.
It is executed to effectuate the division of a property. After the death of the owner,his properties devoted.ve jointly and become a complicated partition, it may cause complications. So registering Settlement deed is an easy way.
A gift deed is the giving the ownership of a property to another person through a gift deed.It is an agreement, when a person wishes to gift his property to another person. It helps to avoid future disputes arising from succession.it is an instant transfer of property. It doesn’t require going to court.
You can give property as a gift .It requires place and date of a deed.it requires the information regarding the donor , complete details of the property. Gift deeds must be printed on stamp paper after paying the amount .And only the owner can gift the property. You should mention the type of property, address,location, area,and structure of the property. Gift deed requires ID proof,PAN card,aadhar card,and other documents.
You should mention there is no exchange of money and it is made solely out of love and affection and not due to money.
- Land tax receipt
- ROR receipt
- ID card
- Possession certificate
- Location certificate and map
- Encumbrance certificate
We can register it before our death . We can make adharam with the help of a copy of adharam . In case of the property being gifted to a minor person,his legal guardian should accept it.Mainly the gift deed has two parties. They are the donor and done. The donor is the person who gives his property, and the donor is the person to whom the property is gifted.
If you want to register a gift deed , its cost is 0.2% stamp for family members and 0.1% registration fees / 5% stamp and 2% registration fees based on the market value of the property. Gift deed property is a valuable document. We can sell or mortgage this property. Donors do not cancel the gifted deed. Other children do not ask questions about the deed.Father in law can give a gift deed to his daughter in law. It is valid forever.Son can gift his property to his father as a gift deed.