A Gift Deed is a legal way to voluntarily transfer property or assets to someone—without any exchange of money. Whether it’s parents gifting a house to their children or a brother gifting land to his sister, a registered Gift Deed makes the transfer legally binding and transparent.
To be valid, a gift must be:
- Made voluntarily,
- Without any consideration (money),
- Accepted by the recipient, and
- Properly registered with the Sub-Registrar.
Stamp duty on gift deeds varies depending on the relationship between the donor and recipient. In most Indian states, gifting property to blood relatives attracts lower or no stamp duty, making it a preferred method for family asset transfers.
Dasthaveju Lekari helps you:
- Draft precise and legally sound Gift Deeds,
- Ensure required documentation and registration,
- Understand tax implications and exemptions.
With our assistance, you can transfer your assets to loved ones in a hassle-free and tax-efficient manner.