The Affidavit For Transfer Of Personal Property is a crucial legal document used in India when transferring ownership of personal property between parties. It serves as a sworn statement that can be presented as evidence in legal proceedings and provides a clear record of the transfer transaction. This document becomes necessary when there's a need to formally document the transfer of valuable personal property, such as vehicles, artwork, jewelry, or other movable assets. The affidavit must comply with the Indian Oaths Act, 1969, and typically requires notarization under the Notaries Act, 1952. It includes detailed information about the property being transferred, the parties involved, and any relevant terms or conditions of the transfer. This document is particularly important for maintaining clear ownership records and can help prevent future disputes regarding the property's ownership or transfer terms.
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1. Title and Introduction: States that this is an affidavit, includes the date and place of execution
2. Deponent Details: Full name, age, occupation, and complete address of the person making the affidavit
3. Verification of Identity: Details of identity proof and documentation used to verify the deponent's identity
4. Property Description: Detailed description of the personal property being transferred, including identifying characteristics
5. Ownership Declaration: Declaration of current ownership and how the property was acquired
6. Transfer Details: Specific details about the transfer, including the intended recipient and terms of transfer
7. Free Will Statement: Declaration that the transfer is being made voluntarily and without coercion
8. Consideration Details: Statement about any consideration involved in the transfer, if applicable
9. Verification Clause: Standard verification clause stating that the contents are true and correct
10. Signature Block: Space for deponent's signature and notary attestation
1. Third Party Rights: Declaration regarding any existing third-party rights or claims on the property
2. Family Settlement Details: Required when the transfer is part of a family settlement or inheritance
3. Power of Attorney: If the affidavit is being executed through a power of attorney holder
4. Loan/Encumbrance Details: Declaration of any existing loans or encumbrances on the property
5. Tax Compliance: Statement regarding payment of applicable taxes and duties
6. Previous Transfer History: Details of any previous transfers or ownership changes of the property
1. Schedule A - Property Details: Comprehensive description of the personal property including make, model, serial numbers, or other identifying features
2. Schedule B - Ownership Documents: List and copies of documents proving current ownership
3. Schedule C - Photographs: Photographs of the personal property being transferred
4. Schedule D - Valuation Certificate: If applicable, certificate showing the current market value of the property
5. Schedule E - Identity Documents: Copies of identity documents of the deponent and witnesses
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