SETTLEMENT DEED WITH A LIFE INTEREST
Deed date: 1 April 2026
Settlor: X / donor record Harpreet Singh, House 118, Sector 21, Chandigarh. Beneficiary: X / donee record Aarav Singh, House 118, Sector 21, Chandigarh.
Property: House 118, Sector 21, Chandigarh; Plot 118; conveyance deed 4411. Regime: Punjab freehold/revenue-record property. Title: Absolute freehold ownership under Conveyance deed 4411 dated 10 June 2012. Value: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only).
SETTLEMENT AND LIFE INTEREST
The transfer is Gift is voluntary and without consideration. Donor/settlor capacity: Donor is competent and acts voluntarily without coercion. Acceptance: Donee accepts the gift during donor lifetime. Life tenant: X. Life-interest scope: Right to reside and possess for life without power to sell the remainder.
REMAINDER
Remainder: Remainder vests on execution subject to reserved life interest. Life-tenant obligations: X. Alienation restriction: X.
TITLE, DUES AND AUTHORITY
Encumbrances: Nil, subject to current property tax. Dues: Property tax paid through 31 March 2026. Possession: Possession delivered on execution and registration. Authority: 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
RECORD PARTICULARS
What is the relationship between donor and donee? Father and son