Gift Deed Registration

Gift Deed Registration

A gift is money or house, shares, jewellery etc. that is received without consideration, or simply an asset received without making a payment against it and is a capital asset for the ‘Recipient’. It can be in the form of cash / movable property / immovable property.

If you would like to gift the property to any of your blood relative, Gift deed can be used. In case of immovable property, it is mandatory to register the Gift Deed as per Section 17 of the Registration Act, 1908.

This kind of transfer is irrevocable. Once you gift the property,  it belongs to the beneficiary (receiver of gift) and you cannot reverse the transfer or even ask for monetary compensation.

It can be a cost effective way of transferring the ownership in a property.  (You can gift the property to non-family members too but the stamp duty or registration fee can be higher than in the case of a gift to a family member.)

Documents Required for Registration of Gift Deed.

• The Draft of Relinquishment (Prepared by us).

• Pan card and Aadhar of both parties (execution purposes).
• Two different witnesses and their pan and Aadhar at the execution period.