Gift Deed

A Gift Deed is a legal instrument for voluntarily transferring property (movable or immovable) from a donor to a donee without monetary exchange, governed by India’s Transfer of Property Act, 1882, Section 122 and Registration Act, 1908, Section 17. Mandatory registration ensures legal validity and protects against disputes or penalties (e.g., fines up to ₹1 lakh for non-registration under Registration Act). 

Novam Legal provides expert, compliant Gift Deed services, simplifying asset transfers for family or charitable purposes. Here’s how a Gift deed registration delivers value for your business:

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    Process Steps for a Gift Deed with Novam Legal

    Consultation and Property Assessment

    We discuss your goals, property details and parties involved to tailor the Gift Deed to your needs, per Transfer of Property Act, 1882.

    Customized Gift Deed Drafting

    We prepare a legally compliant draft, clearly defining donor and donee rights and property details.

    Document Verification and Compliance

    We verify property documents, IDs and encumbrance status to ensure eligibility and legal accuracy.

    Stamp Duty and Payment Guidance

    We calculate and assist with stamp duty payments, ensuring compliance with state-specific Indian Stamp Act, 1899 rates.

    Registration Coordination

    We schedule and manage registration with the Sub-Registrar’s office, handling all formalities for legal validity.

    Final Delivery and Optional Paid Support

    We deliver the registered Gift Deed, with optional paid assistance for revocation or updates, billed separately.

    Benefits of a Gift Deed

    Ownership Transfer Secured

    Registered Gift Deed confirms legal transfer, preventing disputes, per Registration Act, 1908.

    Dispute Risks Minimized

    Mutual consent and registration reduce inheritance or legal conflicts, protecting both parties.

    Tax Efficiency Achieved

    Gifts to relatives are exempt from income tax under Section 56(2), per Income Tax Act, 1961.

    Compliance Ensured

    Adheres to stamp duty and registration laws, avoiding fines up to ₹1 lakh for non-compliance.

    Estate Planning Simplified

    Immediate transfer streamlines succession, avoiding delays associated with wills.

    Prerequisites for a Gift Deed

    Deliverables for a Gift Deed with Novam Legal

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    Basic

    5000

    • Fact and Document Review
    • 30 mins Discussion with Lawyer
    • Drafting of Gift Deed

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    Frequently asked Questions

    A legal document for voluntarily transferring property without payment, per Transfer of Property Act, 1882.

    It ensures legal, dispute-free property transfer and supports tax-efficient estate planning.

    Yes, registration is required for immovable property under Registration Act, 1908, Section 17.

    Typically 7–14 days, depending on document readiness and Sub-Registrar availability.

    Yes, if conditional and the donee fails to meet terms, per Madras High Court rulings.

    ID proof, address proof, property documents and Encumbrance Certificate.

    Gifts to relatives are exempt under Income Tax Act, 1961, Section 56(2).

    No, revocation or update assistance is an optional paid service, billed separately.

    Yes, it covers movable (e.g., vehicles) and immovable property, per Transfer of Property Act, 1882.

    Non-registration invalidates the deed for immovable property, risking fines up to ₹1 lakh.

    Parents, children, siblings, spouses or adopted relatives, per Income Tax Act, 1961.

    A Gift Deed transfers ownership immediately; a Will takes effect after death.

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