The most reliable and easy way to draft and register your Gift Deed.
Gift is the transfer of certain movable or Immovable property made voluntarily and without consideration, by one person,called the donor,to another,called the donee,and accepted by or on behalf of donee.
For the purpose of making a gift of immovable property, the transfer must be effected by a registered instrument signed by or on behalf of the donor, and attested by at least two witnesses. Registration of gift deed of immovable property is compulsory irrespective of value of the property.
Essentials of a valid gift deed-
1- Transfer of Ownership
2- Property either movable or immovable
3- Transfer without consideration
4- Transfer must be voluntarily i.e., free consent
5- Gift must be accepted by transferee
The Gift deed can be made in blood relation only