Create Your Gift Deed Online

A Gift Deed is a legal document that records the voluntary transfer of property or assets from one person (the donor) to another (the donee) without any exchange of money, out of natural love and affection.

Both movable assets (cash, jewellery, vehicles, shares) and immovable assets (land, house, flat) can be gifted through a gift deed.

For immovable property, registration at the sub-registrar's office is mandatory, with both parties and two witnesses present. Movable property gifts are generally valid once executed and notarised.

Once validly executed and accepted by the donee, a Gift Deed is generally irrevocable except in specific circumstances agreed upon in the deed itself or as permitted by law.

Gifts received from specified relatives are exempt from tax regardless of value. Gifts from non-relatives are exempt only if the total value in a financial year does not exceed ₹50,000.

Stamp duty varies by state and is usually a percentage of the property's market value, often with concessional rates for gifts between close relatives (e.g. parent-child, spouse).