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Harish (Manager)     09 March 2022

Transfer deed vs. gift deed in haryana

By academic definition I understood a transfer deed can include any deed which include exchange of hands , including sale deed and gift deed. By what if any state , Haryana in particular have 3 different types of deeds for Property - Sale Deed, Transfer Deed, Gift Deed. Reference - https://jamabandi.nic.in/DefaultPages/DeedTemplatesNew

As I checked with local dealer he said both ( Transfer and Gift )  can work in case of transfer of property in blood relationship . But I need to know the difference between implications ( monetary and legal ) of a transfer deed in blood relation Vs. a gift deed in blood relation for an immovable property.

Please help.
 



Learning

 3 Replies

Shashi Dhara   09 March 2022

Gift is given with love and affection ,transfer may be conditional .

Harish (Manager)     09 March 2022

Originally posted by : Shashi Dhara

Gift is given with love and affection ,transfer may be conditional .

Interested to know What are monetary and legal implication in case of transfer deed Vs Gift Deed , done with Blood relationship ?
 

Shashi Dhara   10 March 2022

In transfer deed you can imply conditions ,if conditions are not satisfied you can revoke but in gift it is  irrevocable and to cancel the gift you have to approach concerned authorities.


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