Search results
Sep 17, 2014 · There is a marked difference between a gift and a settlement. A gift is not made for any consideration, where as a settlement may be in consideration of marriage. Like-wise, a gift may be made to any person, where as a settlement is mostly made in the favor of dependents. Also, gift requires an acceptance, whereas a settlement does not.
Jun 21, 2021 · T. Kalaiselvan, Advocate (Expert) 24 June 2021. A gift deed means a legal document that describes voluntary transfer of gifts from a donor to a donee without any exchange of money. On the other hand, a settlement deed is a document that formalizes an agreement between relevant parties to settle a dispute. Gift Deed is executed out of natural ...
Jul 8, 2022 · Property 2: Father self acquired the property and want to pass it to his youngest daughter. In the state of Andhra Pradesh, stamp duty for for gift or settlement deed is 2%, but the gift deed has an extra 1.5% transfer duty/fee making it 3.5% for gift deed vs 2% for settlement deed. Some local folks are suggesting to go with settlement deed ...
Oct 22, 2009 · The Gift settlement deed shall be registered. But in the case of family partition, there is no need for registration. Just signatures of all the family members in the Family Arrangement Deed among the family property with proper witnesses is enough for the Family Arrantgment Deed, which is also a valid one, in law. 1 Like.
Jun 17, 2016 · Settlement deed vs gift deed vs will. Hi All, I and my sister had done a release deed (with consideration) a few years ago releasing our ownership on our Father's property after his demise to our Mother (Legal heirs of my Father - Son, Daughter and Wife). Now my mother would like to transfer this property to my name (Son).
Dec 21, 2011 · I was told that GIFT DEED was an option but i wasn't clear with the STAMP DUTY advise i received. If it is a percentage of property value then it will cost me in lakhs and don't want to do that. I was suggested alternates to be SETTLEMENT DEED, which would cost me around Rs. 14,000 (or) RELEASE DEED which would cost me 1% of MARKET VALUE of ...
Sep 23, 2015 · It can be signed and completed upon my wife's home town visit [after couple of weeks]. When I discussed about this with a " Document Writer " he suggested to prepare a SETTLEMENT DEED. He told us that it doesn't require receiver's acceptance or signature. Only the donor and two witness will be enough and the Setllement Deed will be non-revokable.
Jun 25, 2016 · Mother made a Deed of Gift in favor of 4 sons in 1987, and excluded 6 other children as they did not take care of her. Subsequently in 1999, the 4 sons made Mutual Partition amongst themselves and the same was registered.I am one of the beneficiary.Out of 4 brothers who accepted the Gift, 1 brother made a Gift deed in my favor in 1999.
Sep 25, 2020 · 1 Like. S.JEEVAGAN, Madurai. (Advocate, High court ) 26 September 2020. When there has been a registered irrevocable settlement deed in favour of one person, a Will executed in favour of the other person in respect of the same property is not valid. However, the settlement deed can be declared void or cancelled by Revenue Divisional Officer in ...
Jun 20, 2022 · A gift deed can be executed in anyone's favour and the settlement deed can be executed in favor of any of the family members under Sec.56 of the Hindu Succession Act. Both documents shall be registered under Sec.17 of Registration Act. The acceptance is automatically worded in the gift deed in general. But such a clause is not necessary for ...
