Frequently Asked Questions
A Gift Deed is a legal document that transfers property ownership from one person to another without any payment. It ensures a transparent and dispute-free transfer.
Yes. As per Section 17 of the Indian Registration Act, 1908, registration is mandatory for immovable property gifts.
You need the original Gift Deed, ID proofs of both parties, Encumbrance Certificate, property ownership proof, passport-size photos, and two witnesses.
Stamp duty varies—around ₹1,000 to ₹5,000 for close relatives, and 5% of the property value for others, plus a 1% registration fee.
A registered Gift Deed can be revoked only under Section 126 of the Transfer of Property Act, 1882, or through a court order.
A Gift Deed transfers ownership immediately, while a Will takes effect only after the person's death.
Yes. NRIs can gift property through a registered Gift Deed executed in India or attested by the Indian Embassy abroad.
Vault ensures your Gift Deed is legally drafted, verified, and registered smoothly, making the transfer safe and hassle-free.
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