Gift Deed
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Gift Deed
A gift deed is a legal document which is a voluntary transfer of Gift from owner of property (known as DONOR) to the receiver of Gift (known as DONEE) without any exchange of money or consideration. Thus, it is a legally binding contract that transfers the ownership of a property (real estate) from one person to another. A gift deed is signed by the donor, and is attested by two witnesses. The stamp duty charges may vary from state to state, which must be paid according to the value of property.
Advantage of a Gift Deed: A Gift Deed is a written legal document which has a valid recognition. Thus, it is regarded as an evidence of the gift made to the Donee.
Procedure:
- A well efficient/competent lawyer from our team shall contact you, and explain you the total process, and will understand the need of execution of Gift Deed.
- Once the objectives of the gift deed are defined, the lawyer shall draft a sample Gift Deed accordingly.
- The draft of Gift Deed shall be sent to you, for your review.
- Once you approve it, it shall be served to the other party and get it registered at Sub-registrar office at your cost only.
- The whole process takes around 3-4 working days.
