Procedure for cancellation of Gift deed
16-Jan-2023 (In Documentation Law)
want to ask that my father has gifted me a property when I was minor i.e. 17 year old nd have registered gift deed nd my mother is in guardianship in that. But now I am adult 19 years ,I got to know that father has gifted me this property . But I don't want that property . Can this gift deed be cancelled? Nd what is the procedure of cancelling the gift deed . My dad is ready to take back property..plzzz advice
After the gift deed has been executed it cannot be cancelled unilaterally as title of property passes on from donor to donee. However, if the donor and donee are into a positive agreement to cancel the gift deed then cancellation of gift deed can be done with mutual consent of parties. Deed of cancellation has to be executed in this regard duly stamped and registered.
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