A gift deed is a legal document used to transfer ownership of a property or asset from one person to another without monetary exchange. In Bangalore, registering a gift deed ensures the transfer is legally valid and recognized by the government.
Key Features of a Gift Deed
✔ Voluntary Transfer – The donor willingly gifts the property.
✔ Irrevocable – Once executed, the transfer cannot be revoked unless specified.
✔ Legal Registration – Must be registered under the Registration Act, 1908.
✔ Stamp Duty Applicable – Charges depend on the relationship between the donor and donee.
Steps to Register a Gift Deed in Bangalore
- Draft the Gift Deed with all property details.
- Pay applicable stamp duty (varies for family vs. non-family transfers).
- Visit the Sub-Registrar’s Office for registration.
- Sign in the presence of two witnesses.
- Collect the registered deed as proof of ownership transfer.
Documents Required
📌 Original property documents
📌 Identity proof of donor and donee
📌 Two witness identity proofs
📌 Gift Deed draft
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