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 Documents Drafting Government charges Payment of government charges 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 ca