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Irrevocable: Once a gift deed has been executed, it is irrevocable, which means that the donor cannot change their mind and take back the gift. This can be a disadvantage if the donor later decides that they want to keep the property or assets for themselves.

A deed is a signed legal document that transfers ownership of an asset to a new owner. Deeds are most commonly used to transfer ownership of property or vehicles between two parties. The purpose of a deed is to transfer a title, the legal ownership of a property or asset, from one person or company to another.

The answer is yes, gift deed property can be sold but only if it is registered under the provisions of the law without the attachment of any condition. It should be registered under the receiver's name because it holds the same value as that of a sale deed.

When the donor gives an immovable or movable property through a Gift Deed, it is valid forever. It can be terminated only in special circumstances that are noted above in this article. The validity of a Gift Deed is not affected even if the donor passes away instantly after gifting the property.

It is much better to transfer property through Gift Deeds so as to avoid any future legal dispute or family troubles. Also, since Gift Deeds are registered documents, they serve as valid legal proof in case any dispute arises at a later stage.

So, it is better you go for a sale deed even though the stamp duty is higher as the chances of being pulled into litigation is lower here. - Since , you are purchasing the property from your father after paying some consideration amount then a sale deed should be executed in your favour.

Deed title. Place & date of execution. Description of parties. Recitals. Testatum. Consideration. Receipt clause. Operative clause.