Gift Deed

Gift Deed

Most-preferred legal service provider for Gift Deed in India. Get the legal support and guidance you need today!
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Most-preferred legal service provider for Gift Deed in India. Get the legal support and guidance you need today!

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  • No Extra Payments
  • Agreement Drafting
  • Government Registrations
  • Contract Review
  • All paperwork
  • DSC/DIN/DPIN/PAN/TAN

About Gift Deed

A gift deed is a document that records the act of giving a gift and is executed between the donor (the person giving the gift) and the donee (person receiving the gift).  Even though it is not compulsory to execute a gift deed while gifting any asset, it does create a valid documentary record. A gift can be a movable or immovable property that is transferable and tangible.

As gifting is a voluntary action, the gift deed should mention that the deed has been made voluntarily and out of the donor’s own choice without any force or coercion. The deed should also declare that the donor is solvent (not bankrupt) and that the gift is being made without any consideration.  The next step is the acceptance of the gift.

Acceptance of the donee is recorded in the gift deed by the donee’s signature. It is important to note that gifts that involve immovable property should be registered under the Transfer of Property Act. Unless registration of the gift deed is completed, the title does not pass on to the donee, in case of a gift of immovable property. Stamp duty shall be payable based on the value of the gift.

To ascertain the fair value of the immovable property for calculation of stamp duty, approved valuation experts will have to carry out the valuation of the property. 

Documents Required

  • Self Attested PAN Card copy
  • Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)
  • Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)
  • Passport-sized photograph
  • Rent Agreement (Notarised: For rented property)
  • Sale Deed/Property Deed in English (in case of owned property)
  • No-objection Certificate from property owner
  • Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill
Gift Deed

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