Back to top
Gift Deed Fill out the template

Gift Deed

Last revision
Last revision 09-07-2019
Formats
Formats Word and PDF
Size
Size 2 to 3 pages
Rating 4.5 - 1 vote
Fill out the template

About the template

Last revision: 09-07-2019

Size: 2 to 3 pages

Available formats: Word and PDF

Rating: 4.5 - 1 vote

Fill out the template

How does it work?

1. Choose this template

Start by clicking on "Fill out the template"

1 / Choose this template

2. Complete the document

Answer a few questions and your document is created automatically.

2 / Complete the document

3. Save - Print

Your document is ready! You will receive it in Word and PDF formats. You will be able to modify it.

3 / Save - Print

Gift Deed

A gift deed is a document through which a person or persons (i.e. a donor) can transfer its property to another person or persons (i.e. donee) by way of gift without payment of any money or other consideration.

A gift deed can be used when a person being a valid owner of an existing property wishes to gift his property to someone. A minor is incompetent to gift a property. Gift deeds can be used by natural persons and not by corporate entities.

How to use the document

Record the details of the donor and donee, and the property that is being gifted through the gift deed. If the gift deed comes into effect on a certain date or on happening of an event, the same can be included in the Gift Deed. For example, if the donee will get the property only upon marriage, then the same can be described in the document.

The Gift Deed would need to be printed on non-judicial stamp paper or e-stamp paper which is available in certain states. The value of the stamp paper would depend on the state in which it is executed and where the property is situated. Each state in India has provisions in respect of the amount of stamp duty payable on the Gift Deed and the same would need to be determined based on the specific facts of the case. Information regarding stamp duty payable can be found on the State government websites. For instance, the website of the state of Karnataka provides details of stamp duty payable on Gift Deeds.

After printing the document on stamp paper or e-stamp paper, as applicable, the Gift Deed is to be signed and each party can keep a copy of the Gift Deed.

Pursuant thereto, the Gift Deed would need to be registered if the property being gifted is immovable property. For the purposes of registration, both the donor and donee have to go to the sub-registrar's office.

Applicable law

The provisions of the Transfer of Property Act, 1882 are applicable to gifts of immovable property. In terms of the Transfer of Property Act, 1882 read with the Registration Act, 1908 all gift deeds of immovable property are compulsarily registrable.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.

Fill out the template