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A Gift Deed is a legal document that represents a transfer of gift from one person to another as per the provisions of the law. Gift Deed is a legally binding written document defined in Section 122 of the Transfer of Property Act, 1822, through which the donor can transfer an existing movable or immovable property to the done voluntarily.
A Gift Deed is valid only if it is given out of love and affection, without any consideration in return by one family member/ friend to another, you have to pay 7% as stamp duty of the property and 4% as the registration charges.
If you are doing gift deed to the government for the development purposes then there is no need to pay any stamp duty fees.
Also, under Section 17 of the Registration Act, 1908, it is mandatory to have a registered Gift Deed when you want to transfer immovable property.
The gift deed contains the following details:
• Date and Place where the deed is to be executed
• Information about Donor and Donee like Name, Residential Address, Relationship among them, Date of Birth, etc.
• Details about the property
what are the documents required for property registered in sub registrar office ?
Online appointment
Stamp duty registration payment online paid slip
Donor’s Original Document
Donor’s Aadhar and Pan card Original or Xerox
Donee’s Aadhar and Pan card Original or Xerox
Online updated Two Witness present in subregistrar office, with id Original or Xerox
Online Patta
Minimum 30 years to Till date encumbarance certificate with digital sign
We prepare the Gift deed Draft and send it to email & whatsapp within 3 hours, please confirm the details (its name and father name, address property details), the copy of a printed document will be sent through your address .
GIFT DEED
If requested we will fix you an appointment in online and a token will be generated from the official tnreginet website.
If requested we will also guide you in the registrar office in person.