Gift Deed Registration Service in Mumbai

Gift Deed Registration Service in Mumbai

Gift Deed Registration Service in Mumbai

In India Gift Deed is an authoritative report that addresses the exchange of gift from one individual to other as indicated by the arrangements of the law. In India a Gift Deed is a legitimately restricting composed report characterized under Section 122 of the Transfer of Property Act, 1822. Under this Section the contributor is qualified can move a current mobile or ardent property to the next individual for example donee deliberately.

A Gift Deed Registration Service in Mumbai is substantial just if such a gift is given out of adoration and warmth, with no measure of thought in kind by one relative or companion to another. Additionally, according to Section 17 of the Registration Act, 1908, it is compulsory to have a Gift Deed Registration in India when the contributor needs to move the resolute property.

The following properties can be gifted by making a Gift Deed Registration Service in Mumbai:
  • A movable or immovable property;
  • An existing property;
  • A tangible property;
  • A transferable property; 

What are the essential documents required for Gift Deed Registration Service in Mumbai?

After making sure that the Gift Deed is signed and attested by the witnesses, the applicant is required to pay the stamp duty and registration charges as per the state regulations. The applicant is needed to carry a few other essential documents which are as follows:

  • Aadhar Card of the applicant;
  • Identity Proofs, like Driver License, Passport, etc;
  • PAN card of both the parties for execution of the Gift Deed;
  • Original Gift Deed that is to be executed;
  • A document like Sale deed to prove the title of the donor to the Property;
  • A total of two witnesses are required at the time of execution of Gift Deed;
  • The Encumbrance Certificate;
  • A document certifying the Ready Reckoner Value; and
  • Any other agreements which the applicant might have entered into concerning Property;
  • Other essential materials as may be required according to the state requirements

The applicant might need some other documents, as the above-mentioned list is not exhaustive. The applicant may need to add certain documents like certificates relating to the value of property depending on the different state, etc.

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