GIFT DEED TO A MINOR
Deed date: 1 April 2026
Donor: Harpreet Singh, House 118, Sector 21, Chandigarh. Donee: Aarav Singh, House 118, Sector 21, Chandigarh. Relationship: Father and son.
Property: House 118, Sector 21, Chandigarh; Plot 118; conveyance deed 4411. Regime: Punjab freehold/revenue-record property. Donor title: Absolute freehold ownership under Conveyance deed 4411 dated 10 June 2012. Assessment value: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only).
NATURE AND ACCEPTANCE
Transfer basis: Gift is voluntary and without consideration. Donor capacity: Donor is competent and acts voluntarily without coercion. Acceptance: Donee accepts the gift during donor lifetime.
TITLE, DUES AND POSSESSION
Encumbrances: Nil, subject to current property tax. Dues: Property tax paid through 31 March 2026. Possession: Possession delivered on execution and registration.
AUTHORITY AND REGISTRATION
Authority status: Property is freehold and no allotting-authority transfer permission applies. Registration office: Sub-Registrar, Chandigarh.
PROPERTY SCHEDULE
North Plot 117; South Plot 119; East road; West green belt
MINOR DONEE
Minor date of birth: 2 April 2026. Guardian: X, X, acting as Natural guardian.
BENEFIT AND BURDEN
Benefit: X. Burden: Gift carries no personal payment burden for the minor. The guardian accepts the gift for the minor benefit and does not create an undisclosed personal debt in the minor name.
GUARDIAN ACCEPTANCE IS FOR THE MINOR
The guardian signs only to evidence acceptance and administration of the minor beneficial interest. The guardian does not become owner merely by accepting the gift for the minor.
NO PERSONAL DEBT OF THE MINOR
Recurring property taxes, common charges and lawful burdens attached to ownership are disclosed separately from any personal borrowing. Nothing in this deed creates a loan, guarantee or repayment covenant in the minor name.
CUSTODY OF TITLE DOCUMENTS
The title papers and registered deed should be kept for the minor benefit by the lawful custodian and handed over in accordance with law when the minor becomes competent to manage the property.
ALIENATION DURING MINORITY
This deed does not grant the guardian an unrestricted power to sell, mortgage or otherwise dispose of the minor property. Any later dealing must rest on the authority required by law for property belonging to a minor.
BENEFICIAL CHARACTER
The stated benefit and burden are recorded so that acceptance can be assessed as a genuinely beneficial transfer rather than a device that shifts an undisclosed liability to a child.
MINOR PROPERTY PROTECTION
The guardian acceptance records completion of the beneficial gift; it does not make the guardian owner. Title documents should be held for the minor benefit, and any later sale, mortgage or disposal during minority requires the authority that law then demands for dealing with a minor property.