Gift Deed Registration – An Overview
A Gift Deed is a legal document used to voluntarily transfer ownership of movable or immovable property from one person (the Donor) to another (the Donee) without any exchange of money. Registration of the Gift Deed under the Indian Registration Act, 1908 is mandatory for immovable property and ensures legal validity. Gift Deeds are often used for transferring property among family members while offering tax benefits.
Legal Ownership Transfer:
Once registered, the Donee becomes the legal owner of the gifted property.
Mandatory Registration:
Gift Deeds for immovable property must be registered with the local Sub-Registrar office to be valid.
Stamp Duty Applicable:
Stamp duty and registration charges are payable, which may be discounted for blood relatives in some states.
Documents Required for Gift Deed Registration
To register a Gift Deed in India, the following documents are typically required:
Original Gift Deed Document
Identity Proof of Donor and Donee (Aadhaar Card, PAN Card)
Address Proof of Both Parties
Property Documents (Sale Deed, Tax Receipts, Encumbrance Certificate)
Passport-size Photographs of Donor and Donee
Stamp Duty and Registration Fee Payment Receipt
Gift Deed Registration Timeline
The Gift Deed registration process generally takes 1 to 2 working days at the Sub-Registrar office after document verification and payment of stamp duty.
Frequently Asked Questions
- Is registration of Gift Deed mandatory?
- Is stamp duty applicable on Gift Deed registration?
- Can Gift Deed be challenged in court later?