What is Gift deed? How to register gift deed in Karnataka?

A gift deed is a document that records the act of giving a gift and is executed between the donor (the person giving the gift) and the donee (person receiving the gift)

 

Let us break this answer into 5 stages 

1. Documents
2. Drafting
3. Government charges
4. Payment of government charges
5. Registration

 

1. Documents (require to register GIFT DEED)

• Donor’s registered deed
• Encumbrance certificate
• Tax paid receipt
• Khata certificate & extract
• Donor’s Aadhar and PAN
• Donee’s Aadhar and PAN

 

2. Drafting: Prepare a gift deed draft in word format, a draft looks like below image

 

3. Government charges:

Government charges for blood relatives irrespective of property value

• Stamp Duty: Rs. 5150
• Registration fee: Rs. 1000
• Cess: Rs 500
• Scanning Rs. 450

Government charges for non-blood relatives, the below % is based on guidance value.

Note: 

• Every property in India has guidance value that is fixed by the revenue department of your locality, the guidance value is minimum amount for which a property can be registered in a particular locality and hence the property would not be registered for an amount lower than the guidance value
• Get the guidance value of your property in your area registrar's office.
• Guidance value, Government value and circle rate are referred to same
• Following people come under blood relative category

1. Father
2. Mother
3. Brother
4. Sister
5. Husband
6. Wife
7. Son/Daughter

• Uncle, cousin, nephew, in-laws doesn’t come under blood relative category

 

4. Payment of government charges: 

The government charges are paid on K2 website and generate K2 challan. 

Below, we explained the detailed procedure to generate K2 challan.

Open the K2 website https://k2.karnataka.gov.in/K2/index_en.html

The home page looks like below

Click on Generate Challan, refer to below image in circle

The current date shows by default, refer to below image

In Remitter Details, enter your personal information of Name, E-mail, Postal address, mobile number. Refer to below image,

In Department Details:

• In Category, select Government from dropdown list
• In District, select your district from dropdown list, I selected BENGALURU URBAN as my district from dropdown list
• In Department, type DEPARTMENT OF STAMPS AND REGISTRATION
• In DDO Office, select your sub-registrar office from dropdown list. I selected Rajajinagar as my sub-registrar office. Refer to below image
• In DDO Code, popup automatically, no action requires

In Purpose Details,

• In Purpose, select DUTY (STAMP DUTY) from dropdown list
• In Sub Purpose Name, select GIFT DEED [ARTICLE NO.28] from dropdown list
• In Amount, type the stamp duty amount, I typed Rs. 5150.
• In Head of Account, popup automatically, no action requires. Refer to below image

Click on “Add” refer to below image in circle

Stamp Duty indexes just below the Add button, refer to below image 

Again in Purpose Details

• In Purpose, select FEES from dropdown list
• In Sub Purpose Name, select FEES FOR REGISTERING DOCUMENTS from dropdown list
• In Amount, type the registration fee, I typed Rs. 1000.
• In Head of Account, popup automatically, no action requires. Refer to below image

Click on “Add”. Refer to below image in circle. (Registration fee indexed below the add button)

Again in Purpose Details

• In Purpose, select CESS ON STAMPS from dropdown list
• In Sub Purpose Name, select FEES FOR REGISTERING DOCUMENTS from dropdown list
• In Amount, type the cess amount, I typed Rs. 500.
• In Head of Account, popup automatically, no action requires. Refer to below image

Click on “Add”. Refer to below image (Cess is indexed below the add button)

Again in Purpose Details

• In Purpose, select FEES FOR SUPPLY OF REGISTERED DOCUMENTS from dropdown list
• In Sub Purpose Name, select SCANNING FEES from dropdown list
• In Document number, type 1
• In Amount, type the scanning amount, I typed Rs. 420.
• In Head of Account, popup automatically, no action requires. Refer to below image

Click on “Add”. refer to below image (Scanning fee indexed below the add button)

In Treasury Details:

• In Total Amount, totals automatically, no entry requires
• In Mode of Payment, select your payment mode. you have options to pay by cash, cheque/Draft, Debit card/ Credit card, NEFT/RTGS, or Netbanking. I selected netbanking as my payment mode from dropdown list.
• In Treasury, popup automatically, no entry requires. Refer to below image

In Payment Details:

In Type of Netbanking, you have option to pay directly through your integrated bank or through SBI e-Pay (Aggregator) or ICICI e-Pay (Aggregator).

I hold bank account in DBS Bank, my bank is not directly integrated on K2 website so I selected ICICI e-Pay (Aggregator) from dropdown list as my payment option. Refer to below image

Read the terms & conditions mentioned in red color text and accept the same by clicking on the box.

Click on “Submit”. Refer to below image

The summary report generates, refer to below image

Enter the Captcha shown and click on “Confirm”.

Challan Reference number generates. refer to below image

Click on “OK”.

Directs to payment page, refer to below image

Made the payment through UPI. Below payment screenshot for your reference

The page directs to payment status, refer to below image in circle

Click on “Print”.

The K2 challan generates, refer to below image

Note:

1. A challan is valid for 7 days from the day of challan generation, hence complete the payment within 7 days from day of challan generation
2. A challan is valid for 90 days from the day of payment hence complete the gift deed registration within 90 days from the day of payment. Make sure that you complete the registration within 90 days or it would be cumbersome to claim refund.

 

5. REGISTRATION (Step by step procedure to register gift deed in sub-registrar office)

Step 1: Carry the following documents to sub-registrar office. All original and 1 set of photocopy

• Donor’s registered deed
• Latest encumbrance certificate
• Current financial year tax paid receipt
• Khata certificate & extract
• Donor’s Aadhar and PAN
• Donee’s Aadhar and PAN
• Printed GIFT DEED for registration (photocopy not required)
• K2 Challan
• Active mobile phone to receive OTP

Step 2: As soon as you enter the sub-registrar office, your challan should be verified and officer signs on the challan (Office verified the success of payment)

Step 3: The chamber officer verifies all the above-listed document and approves for registration

Step 4: The donor sits in front of registration counter, officer takes the photo of donor via webcam placed on computer monitor, takes biometric thumb impression and gets Aadhar-based OTP authentication.

Step 5: The donee sits in front of registration counter, officer takes the photo of donee via webcam placed on computer monitor, takes biometric thumb impression and gets Aadhar-based OTP authentication.

Step 6: The Donor and Donee signs all pages of gift deed. Two witness signs at last page of gift deed. Handover signed gift deed to registering officer

Step 7: The registering officer handover the property summary report to donar & donee for cross verification of property specification. Go through summary report for any corrections. 

Donor & donee sign the summary report and handback to registering officer.

Step 8: The registering officer writes the registration number at all pages of gife deed. Officer Scans the gift deed for government record.

Step 9: Registering officer Handover the registered gift deed to Donee.

This completes the registration process of Gift deed. The registered gift deed looks like below image (Father gifted to daughter)

 

In Bangalore, we provide end-to-end assistance to register gift deed. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91-97424 79020.

Thank you for reading…