Gift Deed

Get drafted gift deed from our legal experts. Submit the required documents and we will assist you with the whole process.

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What is a Gift Deed?

The lawful owner of a property can transfer it to another party without any monetary consideration through a gift deed. All such deeds must be signed by the donor, attested by at least 2 witnesses and registered. Once the gift deed is properly executed and registered, it vested all the legal rights and ownership to the donee i.e., the person to whom the gift has been made and he or she becomes the absolute owner of the property thereafter.

Process

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Make Payment

Provide relevant documents

Process application within 24 Hrs.

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Advantage

1

You can choose to whom he wanted to transfer his property.

2

Since gift deed are need to be registered, thus better clarity regarding the matter i.e. who is owner of property.

3

You can save tax since transfer using gift deeds are tax free in the hands of donor and done.

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Provide required Documents.

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GOT QUESTIONS? ASK US

FAQ

A Gift Deed is a legal document describing voluntary transfer of the property from the donor (owner of the property) to the donee (receiver of the gift) without any exchange of consideration.

It must be well defined existing movable or immovable property. It must be transferable and existing today and not be a future property. It must be tangible.

It should include- Relationship details of the donor with the donee, Rights and authority of the donor, Description of the property being gifted, Confirmation clause on the delivery of possession.

Don’t worry, just fill the above mentioned details & contact the professionals of Aapkaconsultant.com and we will guide you with the complete process.

Registration of a Gift Deed is done as per the provisions of the Registration Act, 1908. Common steps involved in registration process are: • Valuation of property being gifted by an approved valuation expert. • Payment of Stamp duty and transfer duty. It varies from state to state and for current rates one should visit the official website of the respective State Governments.

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