Can you cancel a gift deed? - PowerPoint PPT Presentation

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Can you cancel a gift deed?

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A gift deed is a legal document used to transfer ownership of property from one person (the donor) to another (the recipient) without any monetary exchange. Once a gift deed is executed and registered, it generally cannot be cancelled unilaterally. The transfer of property is considered final, and the recipient gains legal ownership. However, there are limited circumstances where a gift deed might be contested or revoked, such as instances of fraud, misrepresentation, or undue influence during the execution of the deed. Cancelling a gift deed usually requires legal intervention and court proceedings to establish the grounds for cancellation. – PowerPoint PPT presentation

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Title: Can you cancel a gift deed?


1
CAN YOU CANCEL A GIFT DEED?
2
INTRODUCTION
A Gift Deed is created when someone decides to
donate their possessions to someone else, as many
of you may know. It could be someone the donor
trusts, such as a family member, a close friend,
or a relative. A Gift Deed has a number of
different components.
3
WHO IS ELIGIBLE TO CANCEL A GIFT DEED?
Only the giver is able to cancel a gift deed.
However, the cancellation procedure for a gift
deed only applies when the donor has a legitimate
basis to do so. If the donor changes his mind, he
may appeal for the cancellation.
4
WHAT ARE THE CAUSES OF GIFT DEED CANCELLATION?
  • Deceptive Move
  • Mutual Agreement
  • Rescission
  • Donor Holds the Title
  • Forgery

5
HOW CAN I CANCEL A GIFT DEED?
The procedure for cancelling a gift deed are as
follows
6
HOW MUCH DOES IT COST TO CANCEL A GIFT DEED IN
COURT?
If the goal of the case is to have the alleged
Gift Deed declared invalid, then the court fee
assessed in accordance with the TNCF and suit
valuation act under section 25(b) is one-half of
the property's market value.
GIFT DEED
7
CANCELLATION OF A GIFT DEED SUPREME COURT
DECISION?
A Supreme Court judgment on the cancellation of
Gift Deeds by mutual consent states that the
cancellation must take the form of a clear
declaration and cannot be justified by a wish or
desire. Additionally, the Senior Citizen Act of
2007 permits the cancellation of registered Gift
Deeds.
8
IS A GIFT DEED CANCELLED WITHOUT GOING TO COURT?
Yes, you can cancel your gift deed without going
to the court. When there is a recession, a shared
agreement, or an insufficient The donor has full
control over the situation. The court's annulment
of gift deeds in circumstances involving forgery.
9
THANK YOU
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