GIFT DEED
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Gift Deed Registration
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Professional guidance to ensure your Gift Deed is legally compliant and tailored to your needs.
Personalized assistance to guarantee clarity and enforceability of your property transfer agreement.
Why Choose TMZON
Relying on outdated methods? Experience the TMZON difference today.
Legal Experts
Qualified experts. Every document tailored with precision.
Lightning-Fast Delivery
Don't wait days. Get your draft within 24-48 hours.
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From Kashmir to Kanyakumari – we’ve got your back everywhere.
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Easy Process
Just fill a quick form — we handle the rest, start to finish.
Secure & Private
Your data stays yours. Encrypted and protected every step.
Gift Deed in 3 Simple Steps
Submit Gift Details
Share information about the donor, donee, and property being gifted — in any format you prefer.
We Draft & Prepare the Deed
Our experts prepare a legally valid Gift Deed tailored to your situation, ensuring compliance with state laws.
Get It Registered Smoothly
Receive your ready-to-register Gift Deed — and we’ll guide you through the registration process.
Gift Deed Pricing
Whether you're gifting property or assets — we’ll help you draft and register your deed easily.
Key Features
- Tailored to State Rules
- Delivery in 2 Working Days
- No Registration Included
- For Property & Movable Assets
- Advocate Reviewed
- Drafted by Legal Experts
Key Features
- Draft + Appointment Booking
- Support at Sub-Registrar Office
- Ready in 2–3 Days
- Advocate Assistance
- Witness Coordination
- Digital + Hard Copy
Gift Deed Drafting — Starting at ₹1299 Only!
Planning to gift your property or asset? We’ll help you create a proper gift deed that’s legally valid and registrar-ready.
What Is a Gift Deed?
- A Gift Deed is a legal document under Section 122 of the Transfer of Property Act, 1822, that allows a donor to voluntarily transfer movable or immovable property to a donee without any monetary consideration.
- It must be registered under Section 17 of the Registration Act, 1908, for immovable property transfers.
Key Clauses in a Gift Deed
- Donor and Donee Details: Names, addresses, and relationship between the parties must be specified.
- Voluntary Transfer: The transfer must be made willingly, without coercion or pressure.
- Property Ownership: The donor must be the sole owner of the property being gifted.
- Property Description: A detailed description of the property must be included.
- Donee's Rights: The donee's rights to sell, lease, or encumber the property must be stated.
- Acceptance: The donee must accept the gift explicitly.
- Witnesses: The deed must be signed by at least two witnesses.
Tax Implications of Gift Deed
Gifts exceeding ₹50,000 are taxable under Section 56(2)(x) of the Income Tax Act, 1961. However, gifts from relatives, received during marriage, or through inheritance are exempt from tax.
Advantages of Gift Deed Registration
- Simple Process: Easy to execute when both parties agree.
- Legal Protection: A registered gift deed is legally binding and not subject to litigation.
- Tax Benefits: Transfers through gift deeds are often exempt from tax obligations.
Types of Properties That Can Be Gifted
- Movable or Immovable Property
- Tangible Property
- Existing Property
- Property Eligible for Transfer
Documents Required for Gift Deed Registration
- Original Gift Deed with Signatures
- Identity Proof (Aadhaar, PAN, Passport)
- Proof of Ownership (Sale Deed, Title Deed)
- Property Valuation Documents
Eligibility for Gift Deed Registration
- The donor must be mentally competent and not a minor.
- The donee can be a minor, but a guardian must manage the property until adulthood.
- The property must be existing and owned by the donor.
- No monetary exchange should be involved.
- Both parties must act willingly without coercion.
Process of Transferring Property via Gift Deed
- Drafting: Prepare the gift deed with all necessary details.
- Stamp Duty: Pay the applicable stamp duty based on property value.
- Registration: Submit the deed to the Sub-Registrar for registration.
- Completion: Obtain the registered gift deed after verification.
Grounds for Cancellation of a Gift Deed
- If the transfer was made under fraud, coercion, or undue influence.
- If the conditions mentioned in the deed are not fulfilled.
- If the donor was not of sound mind during the transfer.
Sale Deed vs Sale Agreement vs Gift Deed
A Sale Deed transfers ownership, a Sale Agreement outlines future terms, and a Gift Deed transfers property without consideration.
| Category | Sale Deed | Sale Agreement | Gift Deed |
|---|---|---|---|
| What’s Covered | Legal transfer of property ownership from seller to buyer. | Outlines terms and conditions for a future property sale. | Transfers property ownership as a gift without monetary consideration. |
| Ownership Transfer | Immediate transfer of ownership upon execution. | No transfer of ownership; it’s a promise for future sale. | Immediate transfer of ownership, but as a gift. |
| Registration Requirement | Mandatory for legal validity under the Registration Act, 1908. | Not mandatory but advisable for legal protection. | Mandatory for immovable property under the Registration Act, 1908. |
| Consideration | Involves monetary payment or consideration. | Involves monetary payment or consideration. | No monetary consideration; property is gifted. |
| Legal Protection | Provides strong legal protection and proof of ownership. | Offers limited protection as it’s not a transfer of ownership. | Provides legal protection but is irrevocable once registered. |
| Usage | Used for buying and selling property. | Used to outline terms before the final sale. | Used for transferring property as a gift, often among family members. |
Some common questions
were often asked
What is a Gift Deed, and when is it used?
A Gift Deed is a legal document used to transfer ownership of movable or immovable property as a gift from one person (the donor) to another (the donee). It is commonly used for gifting property, cash, or assets without any monetary exchange.
Is a Gift Deed legally valid without registration?
For immovable property (like land or buildings), a Gift Deed must be registered to be legally valid. However, for movable property (like cash or jewelry), registration is not mandatory, but it is advisable to ensure legal clarity and avoid disputes.
Can a Gift Deed be revoked or canceled?
A Gift Deed can only be revoked under specific circumstances, such as mutual consent between the donor and donee, fraud, or misrepresentation. Once registered and executed, it is generally irrevocable.
What are the key elements required in a Gift Deed?
A valid Gift Deed must include the donor’s and donee’s details, a clear description of the gifted property, the donor’s free will to gift, acceptance by the donee, and the signatures of both parties. For immovable property, registration is mandatory.
Are there any tax implications on a Gift Deed?
Yes, gifts may be subject to taxation under the Income Tax Act, depending on the value of the gift and the relationship between the donor and donee. Gifts from close relatives are usually tax-free, while others may attract gift tax.
Can a minor be a donee in a Gift Deed?
Yes, a minor can be a donee in a Gift Deed. However, the deed must be accepted by the minor’s legal guardian on their behalf until they reach the age of majority.