Gift Deed in Blood Relation

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Gift Deed in Blood Relation
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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.
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Which Requirements Apply to the Gifted Property?
A property must meet the following requirements
to qualify as a gift under Indian law

• 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.

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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.
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CAN THE GIFT DEED BE CHALLENGED BY A NON-BLOOD
RELATIVE?
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.
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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.
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