Land

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  A gift deed is a document in which one person voluntarily gifts their movable and immovable property to another person. This deed allows the property owner to gift the property to anyone and avoids any problems arising from inheritance or inheritance claims.

  
  


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  This registered deed is proof in itself. This transfer of property is an instant settlement and there is no need to go to court to execute these and save time.

  
  


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  This deed must specify the place and date to be executed.

  
  


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  Both donor and donee should mention all the details like name, address, date of birth, relationship, and signature in the deed.

  
  


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  Full details of the property to be deeded should be mentioned.

  
  


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  This deed must have two witnesses and their signatures.

  
  


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  Depending on the value fixed by the State Government on the bond, the bond should be registered in the Registrar’s or Deputy Registrar’s office by printing on the stamp paper and paying the prescribed amount.

  
  


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  Registration of gift deed involves stamp duty and registration fee etc. Stamp duty varies from state to state. The stamp duty rate for property transferred as a gift is the same as the sale of a transfer deed.

  
  

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