Gift Deed
At Property Resolve, we understand the sentiment and significance behind gifting a property to a loved one. Our mission is to make this noble act a smooth, legally sound, and stress-free experience for you. Specializing in Gift Deeds, we provide expert guidance and efficient execution to ensure your benevolent transfer of property is flawless and legally binding.
Our Core Service: Expert Gift Deed Assistance
Transferring property as a gift is a beautiful gesture, but it requires precise legal documentation. Property Resolve is your trusted partner, ensuring your Gift Deed is drafted accurately, complies with all legal requirements, and is registered without hassle.
What is a Gift Deed?
A Gift Deed is a legally binding document that formally transfers the ownership of a property (movable or immovable) from one person (the Donor) to another (the Donee) out of love and affection, without any monetary consideration. For immovable property, a Gift Deed is an essential document that must be registered to make the transfer legally valid.
Key Elements of a Valid Gift Deed
01
Voluntary Transfer
The transfer must be made freely, without coercion or undue influence.
02
Without Consideration
No money or any other consideration should be exchanged for the property.
03
Acceptance by Donee
The Donee must accept the gift during the Donor’s lifetime and while the Donor is of sound mind.
04
Proper Description
Clear and unambiguous details of the property being gifted.
05
Attestation by Witnesses
The deed must be attested by at least two witnesses.
06
Registration
For immovable property, mandatory registration at the Sub-Registrar’s office.
How Property Resolve assists with Gift Deeds
- Personalized Drafting: Our legal experts will meticulously draft your Gift Deed, ensuring it captures all necessary details – Donor and Donee information, comprehensive property description, and declarations of voluntary transfer and acceptance. We ensure compliance with the Transfer of Property Act, 1882, and other relevant laws.
- Document Preparation: We guide you through the process of gathering all required supporting documents, including:
- Identity proofs (PAN card, Aadhaar card) of Donor, Donee, and witnesses.
- Previous property ownership documents (e.g., original Sale Deed, Title Deed).
- Passport-sized photographs of Donor, Donee, and witnesses.
- Proof of relationship (especially for reduced stamp duty benefits).
- Stamp Duty & Registration Fee Calculation (Maharashtra Specific):
- We provide accurate calculation of stamp duty and registration fees, keeping in mind the specific rates applicable in Maharashtra.
- In Maharashtra, for residential or agricultural property gifted to specific family members (husband, wife, son, daughter, grandson, grand-daughter, wife of deceased son), the stamp duty is a nominal ₹200.
- For gifts to non-family members or other types of property, the stamp duty is generally 3% of the property’s market value.
- We clarify who is responsible for paying stamp duty (typically the Donor).
- Registration Assistance: We provide end-to-end support for the registration process at the Sub-Registrar’s Office in Pune (or relevant jurisdiction), ensuring all procedures are followed correctly and efficiently. This includes scheduling appointments and accompanying you during the registration.
- Legal Compliance & Due Diligence: We ensure your Gift Deed adheres to all legal stipulations, safeguarding against future challenges.
Why is a Gift Deed important?
Why Choose Property Resolve for Your Gift Deed?
- Expert Legal Team: Our professionals possess deep expertise in property law, ensuring your Gift Deed is legally robust.
- Transparent Process: We maintain complete transparency, keeping you informed at every stage, from drafting to registration.
- Effortless Experience: We simplify complex legal procedures, offering a hassle-free experience for gifting your property.
- Time-Saving Solutions: Our efficient processes are designed to expedite the registration of your Gift Deed, saving you valuable time.
- Confidentiality & Security: Your personal information and property details are handled with the utmost confidentiality and security.
Our Streamlined Gift Deed Process
Consultation
We begin with a detailed discussion to understand your specific gifting intentions and the property details.
Document Collection & Verification
We assist you in collecting and verifying all necessary documents.
Drafting the Gift Deed
Our legal team drafts a comprehensive and legally compliant Gift Deed. We share the draft for your review and approval.
Stamp Duty & Registration Fee Payment
We guide you on the applicable stamp duty and registration fees and assist with the payment process (e-stamping, franking, or physical stamp papers).
Registration at Sub-Registrar's Office
We arrange and accompany you for the mandatory registration of the Gift Deed at the relevant Sub-Registrar's office, ensuring all parties (Donor, Donee, witnesses) are present with their original IDs.
Deed Handover
Upon successful registration, we ensure you receive the legally registered Gift Deed.
Testimonials
"Gifting my ancestral property to my daughter seemed complex until Property Resolve stepped in. They handled my Gift Deed with such professionalism and ease. Highly recommended!"
"The team at Property Resolve was incredibly helpful with my Gift Deed. Their knowledge of Maharashtra's specific rules for family gifts saved me a lot of time and money."
Contact Property Resolve Today!
Let Property Resolve handle the legal intricacies of your Gift Deed, so you can focus on the joy of giving.