Deed of Gift of Godown Premises Template

About this agreement

Title: Deed of Gift of Godown Premises Format

Need a straightforward Deed of Gift of Godown Premises Format for seamless property transfer in India? Our customizable legal template in PDF or Word format makes gifting your godown premises hassle-free and legally compliant.

What is a Deed of Gift of Godown Premises? A Deed of Gift of Godown Premises is a legal document used to transfer ownership of a warehouse (godown) property from the donor to the donee without any monetary exchange. Governed by Section 122 of the Transfer of Property Act, 1882, this irrevocable gift deed ensures clear title transfer for immovable property like godown premises. It's essential for family settlements, charitable donations, or business succession planning in India.

Why is a Deed of Gift of Godown Premises Format Important? Using a proper Deed of Gift of Godown Premises Format is crucial to avoid disputes and ensure enforceability. Without registration under the Registration Act, 1908, the gift is invalid. This format helps meet court and revenue department requirements, preventing future legal challenges over property rights. It provides proof of voluntary transfer, protects against claims from heirs, and facilitates smooth mutation of records in municipal or land revenue offices.

Key Elements of Deed of Gift of Godown Premises Format Our ready-to-use Deed of Gift of Godown Premises Format includes all essential sections:

Parties Involved: Details of donor (giver) and donee (receiver), including names, addresses, and relationship.
Property Description: Precise details of the godown premises, such as location, survey number, area, boundaries, and built-up specifications.
Declaration of Gift: Clear statement of voluntary gift without consideration, confirming the donor's absolute ownership.
Acceptance by Donee: Written acceptance clause to validate the gift.
Witnesses: Signatures of at least two attesting witnesses.
Stamp Duty and Registration: Guidelines on applicable stamp duty (varies by state) and mandatory registration.
Other Clauses: No encumbrances, delivery of possession, and revocation impossibility post-registration.

Who Should Use This Deed of Gift of Godown Premises Sample? This legal template is ideal for:

Business owners gifting godown premises to family members for succession.
Charitable trusts receiving warehouse properties for storage purposes.
Partners in logistics or trading firms transferring assets without sale. Common in civil matters like estate planning or commercial real estate in India, especially in industrial areas.

Benefits of Our Deed of Gift of Godown Premises Format

Ready-to-Use and Customizable: Edit in Word or PDF for your specific needs.
Legally Sound: Drafted by experts to comply with Indian laws.
Time-Saving: Avoid drafting from scratch; download instantly.
Cost-Effective: Premium paid options for full access, with AI customization available.

Ready to secure your property transfer? Download the Deed of Gift of Godown Premises Format now in PDF/Word for free preview or paid full version. Customize it further with our AI tools or consult legal experts for personalized advice.

Note: While this Deed of Gift of Godown Premises Sample is a reliable starting point, it's recommended to have it reviewed by a lawyer. Laws vary by state (e.g., Maharashtra, Gujarat). Related searches: gift deed for immovable property, godown transfer agreement India, free download gift deed format, registered gift deed sample.

DEED?OF?GIFT OF GODOWN ?PREMISES

Non-Judicial

With respect to : One Godown measuring _________ Sq.ft in ______ floor together with

proportionate indivisible share in land .

Value assessed at Rs. ___________________

MOUZA : ____________

P.S. : _____________

DISTT. : ________________.

THIS DEED OF GIFT IS MADE on the _______ DAY OF______ MONTH ________ YEAR, at ___________(Name of Place).

-BETWEEN ?

Sri/Smt _________________, son/daughter/wife of __________________, by religion ________, by occupation _______________, resident of ________________________(Address with pin code), Post Office ________________ and Police Station_______________, Dist- ________________- hereinafter called the ?DONEE? (Which expression shall mean and include unless excluded by or repugnant to the context his heirs, executors, successors, legal representatives, administrators and assigns) of the ONE PART

-AND-

SRI/SMT ________, son/daughter/wife of _, by religion _, by occupation , resident of _________(Address with pin code), P.O and P.S , Dist- _- hereinafter called the ?DONOR? (Which expression shall mean and include unless excluded by or repugnant to the context her heirs, successors, legal representatives, administrators and assigns) of the OTHER PART.

WHEREAS the Donor hereof became the absolute owner and entered in actual physical possession of land measuring _______________ or __________ Katha ___________ Chattaks in Plot No. __________, recorded in Khatian No. __________ of Mouza _____________. JL No. __________, P.S. ___________, Dist- ______________ by virtue of a Deed of Sale executed by 1) ________________ and 2) _____________________, both sons/daughter of ________________________a, residents of ___________________, P.O. and P.S. __________________, Dist- __________________ on _________________(dd/mm/yyyy) and registered in the office of Sub Registrar, ____________, being document No. _______ of _______ recorded in Book No. ________, Volume No. ________, pages ______ to ________ and thereby the Donor hereof acquired permanent, heritable and transferable right, title and interest therein free from all encumbrances and charges whatsoever.

-AND-

WHEREAS the Donor has constructed ______(in word) storied building on the land as aforesaid out of her own fund vide sanctioned ___________(Village/Municipal) plan map bearing __________(Village/Municipal) Holding No. ___________ of Village/Ward No. _____________ of _________________(Block/Municipal Corporation).

-AND-

WHEREAS the Donee is the nearest and dearest relation of Donor hereof and Donee is the son of Donor and the Donor has deep love and affection for the Donee and in consideration of such deep love and affection which the Donor has for the Donee, the Donor has decided to make absolute gift of one Godown measuring ______ Sq.ft on the _______ floor of her building ( But Donee can not use staircase for entrance to his godown from the godown of the donor ) together with proportionate undivided and indivisible share in land with all common areas and common facilities except staircase as fully described in the schedule below unto and in favour of Donee who has also agreed to accept the said Gift.

NOW THIS INDENTURE WITNESSETH that in pursuance of the aforesaid desire and decision of the Donor and in consideration of deep love and affection which the Donor has for the Donee, the Donor, out of her free will and without any fear, fraud, coercion, pressure or undue influence from any body whatsoever, DOTH hereby give, grant, bestow upon and transfer by way of absolute gift her (Donor?s) said below scheduled Godown on the ground of her building together with proportionate undivided and indivisible share in land with all common areas and common facilities as fully described in the schedule below together with all her right, title, interest, hereditanents, liberties, easements, trees and fences etc. Whatsoever in any way belonging to or reputed to belong therewith and make over possession thereof unto and in favour of the Donee free from all encumbrances and charges whatsoever TO HAVE AND TO HOLD said below scheduled Godown in ground floor together with all common areas and common facilities together with proportionate undivided and indivisible share in land as absolute owner thereof, peaceably and quietly, with permanent, heritable and transferable right and without any claim, objection, interference or interruption from the Donor or any person or persons claiming under her, subject to the payment of land revenue and other taxes to the superior land lord- now the Govt. of ___________________(State Name) and proportionate holding tax etc. to the _______________(Block/Municipal Corporation) or to such other lawful Authority or Authorities as law may provide from time to time in future.

The Donor declares that she has not previously transferred her below scheduled Godown in any way whatsoever in favour of any other person or party nor she has created any lien, lease, mortgage, encumbrances, contract for sale or otherwise in favour of any other person or party respecting the below scheduled Godown hereby transferred by way of gift in favour of the donee hereof.

The Donor further declares that she shall not, in future, revoke / Cancel this Gift and / or this Deed of Gift and that any such act or attempt in future by the Donor shall be void and not maintainable in law.

The value of said below scheduled Godown with undivided and indivisible proportionate share in land hereby transferred by way of gift is assessed at Rs. _____________ for the purpose of N.J. Stamps duty and N.J. Stamps have been tagged with this Deed of Gift accordingly.

SCHEDULE of Godown hereby Transferred by way of Gift :

All that piece and parcel of one Godown measuring ________ Sq.ft on ___________ floor upto roof of _________ floor with all common areas and common facilities in always, passages, drains, water courses, staircase and walls, roof, floor etc. with propertionate undivided and indivisible share in land and the said building known as ___________ is standing on the land measuring ____________ or ______ Katha ______ Chattaks in Plot No. _________, recorded in R.S. Khatian No. __________ of Mouza __________, J.L. No. _________ new J. L. No. __________, situated in present Village Name/Ward No. ___________ of ______________(Block/Municipal Corporation), bearing Holding No. _________- within the limits of ___________________(Block/Municipal Corporation), Police station, Sub Division and Registry office at _____________, Pargana ___________________, touzi No. ________, Sheet No. ____________, District- _______________.

Yearly rent for the land is Rs. _________ only payable to the superior landlord now the Govt. of _________________(Name of State).

IN WITNESS WHEREOF the Donor, in good health and concious mind has set and subscribed her hand on this Deed of Gift at ___________(Name of place) on the day, month and year first above written.

Witness :

________________

Signature of Donor

I accept the Gift

________________

Signature of Donee

Drafted, readover, explained and typed in my office

Advocate, _______________(Name of Place)

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Important Guidelines

Guidelines for Drafting a Deed of Gift of Godown Premises

Usage: A Deed of Gift of Godown Premises is a legal document used when an individual or entity (the "donor") wishes to transfer ownership of a godown or warehouse property to another party (the "donee") as a gift. This deed outlines the terms and conditions of the property transfer and establishes the donee's legal ownership.

Common Mistakes to Avoid:

Clear Identification: Clearly identify both the donor and the donee, providing their full legal names, addresses, and contact information.

Property Description: Accurately describe the godown premises, including its location, size, boundaries, and any relevant legal descriptions.

Gift Intent: Explicitly state the donor's intent to gift the property without any monetary exchange, and include the phrase "gift" throughout the document.

Consideration: Ensure there is no expectation of payment or consideration from the donee in exchange for the gift.

Title and Ownership: Confirm that the donor has clear title and ownership of the property, free from liens or encumbrances.

Liabilities and Taxes: Specify which party is responsible for any outstanding liabilities, taxes, or fees associated with the property.

Legal Advice: Seek legal advice or have the deed reviewed by an attorney experienced in property transfers to ensure compliance with local laws and regulations.

Notarization: Depending on local regulations, consider having the document notarized for added legal validity.

Acceptance by Donee: Include a clause indicating that the donee has accepted the gift and acknowledges its terms and conditions.

Delivery of Possession: Outline the process for the delivery of physical possession of the godown premises to the donee.

Recording: Record the deed with the appropriate government authority to establish the transfer's legal validity.

Witnesses: Depending on local regulations, consider having witnesses attest to the donor's and donee's signatures.

By following these guidelines and avoiding common mistakes, parties can draft a Deed of Gift of Godown Premises that legally and transparently transfers property ownership, ensures compliance with local laws, and minimizes the risk of future disputes or challenges to the gift.

Frequently asked questions

What is a Deed of Gift of Godown Premises?→

A Deed of Gift of Godown Premises is a legal agreement in India where the owner voluntarily transfers ownership of godown (warehouse) property to the recipient without any monetary exchange. It is governed by the Transfer of Property Act, 1882, and requires registration for validity.

Is this Deed of Gift legally valid in India?→

Yes, a properly executed and registered Deed of Gift for immovable property like godown premises is legally valid across India under the Transfer of Property Act, 1882, and Registration Act, 1908. Ensure compliance with state-specific stamp duty requirements.

Do I need to pay stamp duty on a Gift Deed for godown premises in India?→

Yes, stamp duty applies on Gift Deeds for immovable property in India, varying by state (often 3-7% of property value or nominal for close relatives). Pay the applicable duty before registration to make the deed legally enforceable.

In what format can I download the Deed of Gift of Godown Premises?→

The Deed of Gift template is available for free download in editable Word (.docx) and PDF formats, suitable for immediate use or customization in India.

Can I customize or edit the Deed of Gift template?→

Yes, the customizable Word format allows editing details like donor/recipient names, property description, and clauses to suit your specific godown premises transfer needs in India.

Who should use the Deed of Gift of Godown Premises agreement?→

Property owners gifting godown premises to family members, trusts, or others without consideration should use this legal agreement in India to ensure a valid, irrevocable transfer of ownership.

DEED?OF?GIFT OF GODOWN ?PREMISES

Non-Judicial

With respect to : One Godown measuring _________ Sq.ft in ______ floor together with

proportionate indivisible share in land .

Value assessed at Rs. ___________________

MOUZA : ____________

P.S. : _____________

DISTT. : ________________.

THIS DEED OF GIFT IS MADE on the _______ DAY OF______ MONTH ________ YEAR, at ___________(Name of Place).

-BETWEEN ?

-AND-

SRI/SMT ________, son/daughter/wife of _, by religion _, by occupation , resident of _________(Address with pin code), P.O and P.S , Dist- _- hereinafter called the ?DONOR? (Which expression shall mean and include unless excluded by or repugnant to the context her heirs, successors, legal representatives, administrators and assigns) of the OTHER PART.

-AND-

SCHEDULE of Godown hereby Transferred by way of Gift :

Yearly rent for the land is Rs. _________ only payable to the superior landlord now the Govt. of _________________(Name of State).

IN WITNESS WHEREOF the Donor, in good health and concious mind has set and subscribed her hand on this Deed of Gift at ___________(Name of place) on the day, month and year first above written.

Witness :

________________

Signature of Donor

I accept the Gift

________________

Signature of Donee

Drafted, readover, explained and typed in my office

Advocate, _______________(Name of Place)

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