Gift DeedServices

A Gift Deed is a legal document that allows a person (the donor) to voluntarily transfer ownership of a property or asset to another person (the donee) without any monetary consideration. It is governed under the Transfer of Property Act, 1882, and can apply to both movable and immovable property, such as land, house, vehicle, shares, or other valuable assets. The Gift Deed clearly specifies: The details of the donor and the donee A full description of the property or asset being gifted Any terms or conditions agreed upon (if any) The voluntary nature of the gift Once registered at the Sub-Registrar’s office, the Gift Deed becomes legally valid, ensuring that the transfer is recognized by law and protects the rights of both parties. Without a registered Gift Deed, the transfer is not legally enforceable, and disputes may arise in the future. In simple terms, a Gift Deed is a formal and legal way to give property or assets to someone you trust, ensuring transparency, safety, and legality of the transfer.

The Gift Deed clearly specifies:

• The donor decides to gift property or an asset voluntarily.
• A draft of the Gift Deed is prepared, containing all details of the donor, donee, property, and any conditions.
• Both parties sign the deed in the presence of two witnesses.
• The deed is registered at the Sub-Registrar Office, and the applicable stamp duty is paid.
• After registration, the ownership is legally transferred to the donee.