A gift deed is an agreement that is used, when a person wishes to gift his property or money to someone else. It can be a moveable or immovable property that is gifted voluntarily, from the donor to the donee.
How to do gift deed registration in India?
Step 1: Draft a gift deed of property by including the following details-
Date and place of execution of the gift deed Details of the donor and the done(s) (name, date of birth, address, relationship, etc.) Details of the property in question Signatures of donor, donee and two witnesses
Step 2: Print the deed on a stamp paper of the precise value, as per the State rules
Step 3: Pay the stamp duty on gift deed, as per applicable state rates, online or offline.