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What is Gift Deed
A Gift Deed is a legally binding document which is used when one person wants to transfer a gift to another person without exchange of money.The person who is giving the gift(owner) is called as donor and the person who is receiving the gift(receiver) is called as donee.
Process for Gift Deed Registration
As per The Transfer of Property Act,1882 get instant registration with 3 simple online steps at https://legalDocs.co.in
Application: Fill information on LegalDocs website’s gift deed form and create a draft.
Stamp Duty Payment:Printing of the draft on stamp paper, calculating stamp duty and` signing of parties involved.
Registration Scrutiny and Approval:Reply to queries raised by the office and registering with the concerned authorities will be handled by us.(All the parties must be present while execution of Gift Deed).
Gift as defined in the Transfer of Property Act,1882:
"Gift" is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee.
Documents required for Gift Deed Registration
|Original Gift Deed to be executed||Original Sale Deed of the property||Encumbrance Certificate|
|Document certifying Ready Reckoner Value and||PAN card of both the parties to execute Gift Deed.||You need 2 witnesses at the time of execution of Gift Deed|
|Other documents may require according to state requirements|