{"id":13093,"date":"2020-09-17T18:14:20","date_gmt":"2020-09-17T12:44:20","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=13093"},"modified":"2021-03-24T18:27:16","modified_gmt":"2021-03-24T12:57:16","slug":"gift-deed-registration","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/","title":{"rendered":"Gift Deed Registration: How to Draft a Gift Deed Format?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term \u201cGift Deed Registration\u201d denotes the registration of a legal document that assists in transferring an asset as a gift from one person to another. Further, the word \u201cGift\u201d signifies the Transfer of Ownership, and it includes both Immovable and Movable Property.<\/p>\n\n\n\n<p>In this blog, we will discuss the concept of <em>Gift Deed Registration<\/em>, together with the process of <em>drafting a Gift Deed Format<\/em>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3172aedf3bf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3172aedf3bf\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Concept_of_a_Gift_Deed\" title=\"Concept of a Gift Deed\">Concept of a Gift Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Who_is_Eligible_to_Gift_a_Property\" title=\"Who is Eligible to Gift a Property?\">Who is Eligible to Gift a Property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Elements_of_a_Gift_Deed\" title=\"Elements of a Gift Deed\">Elements of a Gift Deed<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Transfer_of_Ownership\" title=\"Transfer of Ownership\">Transfer of Ownership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Existing_Property\" title=\"Existing Property\">Existing Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Transfer_Without_Consideration\" title=\"Transfer Without Consideration\">Transfer Without Consideration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Voluntary_Transfer\" title=\"Voluntary Transfer\">Voluntary Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Acceptance_of_Gift\" title=\"Acceptance of Gift\">Acceptance of Gift<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Modes_of_Making_a_Gift\" title=\"Modes of Making a Gift\">Modes of Making a Gift<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Movable_Property\" title=\"Movable Property\">Movable Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Immovable_Property\" title=\"Immovable Property\">Immovable Property<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Clauses_of_a_Gift_Deed_Format\" title=\"Clauses of a Gift Deed Format\">Clauses of a Gift Deed Format<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Consideration_Clause\" title=\"Consideration Clause\">Consideration Clause<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Possession_of_a_Property\" title=\"Possession of a Property\">Possession of a Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Free_Will\" title=\"Free Will\">Free Will<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Details_Regarding_Property\" title=\"Details Regarding Property\">Details Regarding Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Relationship_of_the_Parties_Involved\" title=\"Relationship of the Parties Involved\">Relationship of the Parties Involved<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Rights_and_Liabilities\" title=\"Rights and Liabilities \">Rights and Liabilities <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Donee_Rights\" title=\"Donee Rights\">Donee Rights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Delivery_of_Property\" title=\"Delivery of Property\">Delivery of Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Revocation_Clause\" title=\"Revocation Clause\">Revocation Clause<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Factors_to_Consider_For_Gift_Deed_Registration\" title=\"Factors to Consider For Gift Deed Registration\">Factors to Consider For Gift Deed Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Process_to_Draft_a_Gift_Deed\" title=\"Process to Draft a Gift Deed\">Process to Draft a Gift Deed<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Draft_a_Gift_Deed\" title=\"Draft a Gift Deed\">Draft a Gift Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Print_the_Gift_Deed\" title=\"Print the Gift Deed\">Print the Gift Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Register_the_Gift_Deed\" title=\"Register the Gift Deed\">Register the Gift Deed<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Documents_Required_for_Gift_Deed_Registration\" title=\"Documents Required for Gift Deed Registration\">Documents Required for Gift Deed Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Stamp_Duty_for_the_Execution_of_Gift_Deed\" title=\"Stamp Duty for the Execution of Gift Deed\">Stamp Duty for the Execution of Gift Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Revocation_of_Gift_Deed_Registration\" title=\"Revocation of Gift Deed Registration\">Revocation of Gift Deed Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/#Performa_of_a_Gift_Deed_Format\" title=\"Performa of a Gift Deed Format\">Performa of a Gift Deed Format<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_a_Gift_Deed\"><\/span>Concept of a Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term \u201c<em>Gift Deed<\/em>\u201d is defined under section 122 of the Transfer of Property Act 1882. It is a legal document that denotes the transfer of a property from one person to another. The parties involved in the process of transfer are the Donor (one who gifts a property) and Donee (one who receives the property).<\/p>\n\n\n\n<p>Further, as per section 17 of the Registration Act 1908, it is compulsory for the donor to get the gift deed registered for transferring an Immovable Property. The donor can obtain Gift Deed Registration from the Sub-registrar Office.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_Eligible_to_Gift_a_Property\"><\/span>Who is Eligible to Gift a Property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every individual who is above the age of 18 years and is of sound mind can make a gift of a property. That means a minor is not eligible to make a gift of a property, but he is qualified to accept or receive a gift.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Elements_of_a_Gift_Deed\"><\/span>Elements of a Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Elements-of-a-Gift-Deed-1024x768.png\" alt=\"Elements of a Gift Deed\" class=\"wp-image-13096\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Elements-of-a-Gift-Deed-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Elements-of-a-Gift-Deed-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Elements-of-a-Gift-Deed-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Elements-of-a-Gift-Deed.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>The <strong><em>five main elements<\/em><\/strong> of a <strong><em>Gift\nDeed<\/em><\/strong> are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transfer_of_Ownership\"><\/span>Transfer of Ownership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cTransfer of Ownership\u201d denotes that a Donor is ready to vest the absolute interest of the transferee in the property. Further, the term \u201cAbsolute Interest\u201d signifies that all the rights and liabilities of a donor regarding the property are now transferred to the donee.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Existing_Property\"><\/span>Existing Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For a gift deed, the term \u201c<em>property<\/em>\u2019 includes the <em>different types of property<\/em> as follows:<\/p>\n\n\n\n<ol><li>Movable;<\/li><li>Immovable;<\/li><li>Tangible; or<\/li><li>Intangible;<\/li><\/ol>\n\n\n\n<p>However, it shall be relevant to note that at the time of transferring the property must be in existence and must be of transferable nature as per section 5 of the Transfer of Property Act.<\/p>\n\n\n\n<p>Further, the properties that are not eligible to be transferred as a gift are as follows:<\/p>\n\n\n\n<ol><li>Future Property;<\/li><li>Spes succession;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transfer_Without_Consideration\"><\/span>Transfer Without Consideration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The property transferred as a Gift must be of \u201cGratuitous\u201d nature. That means the donor needs to transfer the ownership of property without any consideration.<\/p>\n\n\n\n<p>Further, the term \u201cConsideration\u201d will have the same meaning as defined under section 2 (d) of the Indian Contract Act.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Voluntary_Transfer\"><\/span>Voluntary Transfer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cVoluntary Transfer\u201d signifies that the donor is ready to transfer the ownership of his\/her property with free will and consent.<\/p>\n\n\n\n<p>Further, the term \u201cFree Will and Consent\u201d denotes that the donor is transferring his\/her property without any Fraud, Force, Undue Influence, and Coercion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Acceptance_of_Gift\"><\/span>Acceptance of Gift<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In order to complete the process of a Gift, it is necessary for the donee to accept the gift. That means a donor cannot gift a property against the will of the donee.<\/p>\n\n\n\n<p>Further, the cases in which a donee has a right to refuse a gift are as follows:<\/p>\n\n\n\n<ol><li>Non-beneficiary\nProperty;<\/li><li>Onerous Gifts;<\/li><\/ol>\n\n\n\n<p>Moreover, the term \u201cOnerous Gift\u201d denotes a situation in which the burden of liability on a property is more than its actual market value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Modes_of_Making_a_Gift\"><\/span>Modes of Making a Gift<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per Section 123 of the Transfer of Property Act, it is mandatory to undergo formalities for the completion of a gift. The law prescribes two modes of registering a Gift Deed in India that are as follows:<\/p>\n\n\n\n<ol><li>In the case of\nMovable Property;<\/li><li>In the case of\nImmovable Property;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Movable_Property\"><\/span>Movable Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the case of a Movable Property, there is no need to undergo the process of Gift Deed Registration. That means a mere delivery of possession is enough to complete the gift of movable property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Immovable_Property\"><\/span>Immovable Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the case of an Immovable Property, it is mandatory for the donor to undergo the process of gift deed registration before delivering the possession of the property. That means the oral transfer of immovable property is not possible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Clauses_of_a_Gift_Deed_Format\"><\/span>Clauses of a Gift Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Clauses-of-a-Gift-Deed-Format-1024x1024.png\" alt=\"Clauses of a Gift Deed Format\" class=\"wp-image-13097\" width=\"486\" height=\"486\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Clauses-of-a-Gift-Deed-Format-1024x1024.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Clauses-of-a-Gift-Deed-Format-150x150.png 150w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Clauses-of-a-Gift-Deed-Format-300x300.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Clauses-of-a-Gift-Deed-Format-768x768.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Clauses-of-a-Gift-Deed-Format.png 1200w\" sizes=\"(max-width: 486px) 100vw, 486px\" \/><\/figure><\/div>\n\n\n\n<p>The <strong><em>important\nclauses<\/em><\/strong> of a <strong><em>Gift Deed Format<\/em><\/strong> are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consideration_Clause\"><\/span>Consideration Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There is no consideration involved in the process of a gift. Moreover, it should be clearly specified in the gift deed that the ownership of a property has been transferred out of love and affection.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Possession_of_a_Property\"><\/span>Possession of a Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The donor must be the owner of the immovable property that he\/ she want to gift. Moreover, the property in question must be in existence at the time of transfer, i.e., one cannot gift a future property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Free_Will\"><\/span>Free Will<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cFree <strong><a href=\"https:\/\/swaritadvisors.com\/make-a-will\">Legal Will<\/a><\/strong>\u201d signifies that the process of transfer of property must be free from any sort of threat, coercion, fear, or undue influence. Further, the gift deed format should clearly mention that the transfer is voluntary.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Details_Regarding_Property\"><\/span>Details Regarding Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A Gift Deed Format must have a detailed and specific description regarding the property in question. Further, the term \u201cdescription\u201d includes address, colour, structure, area, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relationship_of_the_Parties_Involved\"><\/span>Relationship of the Parties Involved<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>One of the main elements of a Gift Deed Format is the relationship between the parties, i.e., the donor and donee, are connected through blood or not.<\/p>\n\n\n\n<p>Further, it shall be pertinent to note that some of the state governments offer a special concession on the stamp duty if the gifts are made to the blood relations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rights_and_Liabilities\"><\/span>Rights and Liabilities <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section includes additional details, such as whether the owner of the property has the right to further sell or lease the property in question or not.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Donee_Rights\"><\/span>Donee Rights<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A Gift Deed Format must specify the rights of the Donee. The term \u201crights\u201d includes the points as follows:<\/p>\n\n\n\n<ol><li>Right To Reside;<\/li><li>Right To Peaceful Enjoyment;<\/li><li>Right to Make Alterations in the Property;<\/li><li>Right to Receive Rent from the Property;<\/li><li>Right to Collect Profits accrued from that Property;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Delivery_of_Property\"><\/span>Delivery of Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The delivery clause in a gift deed signifies whether the said transfer is implied or express, which will directly confirm the delivery of the possession.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revocation_Clause\"><\/span>Revocation Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is not mandatory to include a revocation clause in a Gift Deed; however, the same is advisable to evade future complications. <\/p>\n\n\n\n<p>Further, the nature of the revocation clause is express and not implied, and both the parties must accept the clause for undergoing the process of Gift Deed Registration.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factors_to_Consider_For_Gift_Deed_Registration\"><\/span>Factors to Consider For Gift Deed Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The factors to consider for a Gift Deed Registration are as follows:<\/p>\n\n\n\n<ol><li>The gifting property can be either movable, tangible, immovable, or Intangible;<\/li><li>One can obtain <strong><a href=\"https:\/\/swaritadvisors.com\/gift-deed\">Online Gift Deed Registration<\/a><\/strong> from the Sub-Registrar\u2019s Office;<\/li><li>The donor must transfer the property out of Free Will and Consent;<\/li><li>The Donee can accept a Gift only during the lifetime of the donor;<\/li><li>One cannot transfer property to an Unborn Child;<\/li><li>Both Donor and Donee needs to be alive during the process of Gift;<\/li><li>The Donor of the Gift must be above 18 years of age;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Draft_a_Gift_Deed\"><\/span>Process to Draft a Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Documents-Required-for-Gift-Deed-Registration-1-1024x768.png\" alt=\"Process to Draft a Gift Deed\" class=\"wp-image-13100\" width=\"427\" height=\"320\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Documents-Required-for-Gift-Deed-Registration-1-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Documents-Required-for-Gift-Deed-Registration-1-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Documents-Required-for-Gift-Deed-Registration-1-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Documents-Required-for-Gift-Deed-Registration-1.png 1200w\" sizes=\"(max-width: 427px) 100vw, 427px\" \/><\/figure><\/div>\n\n\n\n<p>The <strong><em>steps <\/em><\/strong>involved in the <strong><em>process\nto draft a Gift Deed<\/em><\/strong> are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Draft_a_Gift_Deed\"><\/span>Draft a Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the first step, the parties involved in the process of gift need to draft a Gift Deed with the details as follows:<\/p>\n\n\n\n<ol><li>Date of\nExecution of Deed;<\/li><li>Place of\nExecution of Gift Deed;<\/li><li>Details of the\nDonor, such as Name, Date of Birth, Residential Address, etc.;<\/li><li>Details of the\nDonee, such as Name, Date of Birth, Residential Address, etc.;<\/li><li>Details\nregarding the Relationship between the Parties involved;<\/li><li>Details of the\nProperty in question;<\/li><li>Name of the two\nwitnesses;<\/li><li>Signature of the\nDonor and Donee;<\/li><li>Signature of the\nWitnesses;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Print_the_Gift_Deed\"><\/span>Print the Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the next step, the donor needs to get the drafted deed printed on a Stamp Paper with the accurate Stamp Duty depending on your state.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Register_the_Gift_Deed\"><\/span>Register the Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Lastly, the parties involved in the process of Gift\nneeds to <strong><em>get<\/em><\/strong> the deed registered at the <strong><em>Sub-registrar Office <\/em><\/strong>by\nthe <strong><em>Sub-registrar<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_Gift_Deed_Registration\"><\/span>Documents Required for Gift Deed Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"597\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Gift-Deed-1-1024x597.png\" alt=\"Documents Required for Gift Deed Registration\" class=\"wp-image-13101\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Gift-Deed-1-1024x597.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Gift-Deed-1-300x175.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Gift-Deed-1-768x448.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Gift-Deed-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>The <strong><em>documents required<\/em><\/strong> for the <strong><em>Gift\nDeed Registration<\/em><\/strong> are as follows:<\/p>\n\n\n\n<ol><li>Original Gift Deed;<\/li><li>Identity Proofs, such as Passport, Driving License, etc;<\/li><li>Encumbrance Certificate;<\/li><li>Document Validating the Ready Reckoner Value;<\/li><li>Original <strong><a href=\"https:\/\/swaritadvisors.com\/sales-deed\">Sale Deed<\/a><\/strong> to Prove the Ownership of the Property in question;<\/li><li>PAN Card details of both the Parties;<\/li><li>2 Witnesses for the Execution of Deed;<\/li><li>Any other Documents as per the respective state requirement;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stamp_Duty_for_the_Execution_of_Gift_Deed\"><\/span>Stamp Duty for the Execution of Gift Deed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Stamp Duty\nCharges in some of the major states in India are as follows:<\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>State<\/strong><strong><\/strong>\n  <\/td><td>\n  <strong>Stamp Duty<\/strong><strong><\/strong>\n  <\/td><\/tr><tr><td>Delhi   <\/td><td>Women: 4%   of the Actual Market Value of the Property;   <br>Man: 6%   of the Actual Market Value of the Property;   <\/td><\/tr><tr><td>Uttar   Pradesh   <\/td><td>Women: 6%   of the Total Value of the Property;   <br>Man: 7%   of the Total Value of the Property;   <\/td><\/tr><tr><td>Karnataka   <\/td><td>5.6% of   the Total Land Value if the Transfer is made to non-family members;    &nbsp;<br>However, in the case of family members, the same can range from Rs 1000 to Rs 5000 depending upon the location of the property;   <\/td><\/tr><tr><td>Maharashtra   <\/td><td>Family Members: 3% of the Actual Market Value of the Property;   <br>In the case of Relatives: 5% Actual Market Value of the Property;   however,   if an Agricultural land or a residential property is gifted, then the stamp   duty charged is Rs 200;   <\/td><\/tr><tr><td>Gujarat   <\/td><td>4.9% of   the Actual Market Value of the Property;   <\/td><\/tr><tr><td>West   Bengal   <\/td><td>Family Members: 0.5% of the Actual Market Value of the Property;   <br>In other cases: 6% of the Actual Market Value of the Property;  <br><br>1%  surcharge is charged if the value of the property is above Rs 40 lacs;   <\/td><\/tr><tr><td>Tamil   Nadu   <\/td><td>Family Members: 1% of the Actual Market Value of the Property;  <br>Other relatives: 7% of the Actual Market Value of the Property;   <\/td><\/tr><tr><td>Punjab   <\/td><td>In case of a blood relative: No Stamp Duty is Charged;   <br>Else 6% of   the Actual Market Value of the Property;   <\/td><\/tr><tr><td>Rajasthan   <\/td><td>Women: 4%   of the Actual Market Value of the Property;    In case   of SC\/ST or BPL: 3% of the Actual Market Value of the Property;   <br>Man: 5%   of the Actual Market Value of the Property;   Wife or   daughter: 1% of the Actual Market Value of the Property;   <br>In case of   a close family member, such as son, daughter, father, mother, in-laws, grandson or granddaughter: 2.5% of the Actual Market Value of the Property;   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revocation_of_Gift_Deed_Registration\"><\/span>Revocation of Gift Deed Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Normally, a gift deed that is not\nbased on fraud, coercion, undue influence cannot get cancelled. However, after\nthe completion of the process of a gift, a deed can be revoked only some\nsituations.<\/p>\n\n\n\n<p>As per section 126 of the <strong>Transfer of Property Act 1882<\/strong><sup><a href=\"https:\/\/legislative.gov.in\/actsofparliamentfromtheyear\/transfer-property-act-1882\"><strong>[1]<\/strong><\/a><\/sup>, a registered gift deed can only be revoked in the situations as follows:<\/p>\n\n\n\n<ol><li>If there is any previous agreement between the parties,\ni.e., donor and donee declaring that on the happening of certain events, a gift\ncan be revoked;<\/li><li>The event should be based on the mere will and\nconsent of the donor;<\/li><li>The conditions specified are not only illegal\nbut immoral and repugnant to the property in question under the gift;<\/li><li>A valid reason must be specified based on which a\nGift Deed may be rescinded.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Whenever a property\nis transferred or delivered to another person in the form of a <strong><em>Gift\nDeed<\/em><\/strong>, there is a movement in ownership that is duly protected by law. Further,\na Gift Deed acts as legal proof of transfer of property from the donor to the\ndonee.&nbsp; <\/p>\n\n\n\n<p>Once an immovable property\nis transferred or delivered through the registered gift deed, the donor becomes\nnot eligible to claim it back unless he\/ she proves that the same was done\nunder the effect of threat, coercion, undue influence, or against his\/ her will.\nMoreover, if in case a donee does not accept a gift, then a donor cannot force\nhim\/ her to take it. <\/p>\n\n\n\n<p>Further, the asset\nreceived under a Gift Deed can be sold as well unless attached by any pre-condition.\n<\/p>\n\n\n\n<p>Therefore, it is\nright to state that the transfer of property through gift deeds is one of the\nbest-suggested options available; however, it is better to take the assistance\nfrom the professionals to make a transfer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Performa_of_a_Gift_Deed_Format\"><\/span>Performa of a Gift Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/sample-gift-deed.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">sample-gift-deed<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p class=\"text-left\"><b>Read, Also<\/b>: <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/partnership-deed-format-how-to-draft-partnership-agreement\/\">Partnership Deed Format: A Guide to Draft Partnership Deed?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cGift Deed Registration\u201d denotes the registration of a legal document that assists in transferring an asset as a gift from one person to another. Further, the word \u201cGift\u201d signifies the Transfer of Ownership, and it includes both Immovable and Movable Property. In this blog, we will discuss the concept of Gift Deed Registration, [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":13094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[628],"tags":[1134],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/13093"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=13093"}],"version-history":[{"count":12,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/13093\/revisions"}],"predecessor-version":[{"id":18381,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/13093\/revisions\/18381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/13094"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=13093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=13093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=13093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}