A gift deed is a legal document used to transfer ownership of a property, asset or other item from one person to another as a gift. It is a voluntary and irrevocable transfer of ownership from the donor to the recipient and is usually done out of love, affection, or goodwill.

The document typically contains details of the donor, recipient, the asset being transferred, and the terms and conditions, if any. Once the gift deed is signed, the transfer of ownership is complete, and the recipient becomes the legal owner of the asset without any exchange of money or consideration.

Legal recognition : Gift deed registration for property provides legal recognition to the transfer of ownership of the property from the donor to the recipient. This ensures that the recipient’s ownership of the property is legally valid and enforceable

Avoidance of disputes : A registered gift deed can help avoid future disputes between family members or other parties regarding the ownership of the property. This is because a registered gift deed is legally binding, and the terms and conditions of the transfer are clearly documented

Tax benefits : The transfer of a property through a registered gift deed can have tax benefits for both the donor and the recipient. The donor can claim tax exemption on the gift given, while the recipient is not required to pay any tax on the gift received

Step 1: Consultation with Nexteel Solutions : The first step is to consult with Nexteel Solutions to understand the process of registering a gift deed for property. Nexteel Solutions will guide you through the legal requirements and formalities involved in the registration process.

Step 2: Drafting of Gift Deed :
Once you have consulted with Nexteel Solutions, the next step is to draft a gift deed. Nexteel Solutions will assist you in drafting a legally valid gift deed that meets all the necessary legal requirements.

Step 3: Execution of Gift Deed
After the gift deed has been drafted, it must be executed by the donor and the recipient in the presence of two witnesses. Nexteel Solutions will ensure that the execution is carried out in accordance with the legal requirements.

Step 4: Stamp Duty and Registration
Once the gift deed has been executed, it must be stamped and registered with the relevant authorities. Nexteel Solutions will assist you in calculating the stamp duty and will ensure that the gift deed is registered with the appropriate authorities.

Step 5: Delivery of Possession
After the registration process is complete, the donor must deliver possession of the property to the recipient. Nexteel Solutions will assist you in ensuring that the possession is delivered in accordance with the terms and conditions of the gift deed.

1. Original title deed of the property: The original title deed of the property being gifted must be submitted for registration

2. Identity proof of donor and recipient: The donor and recipient must provide their identity proof, such as Aadhaar card, PAN card, or passport

3. Passport size photographs: Passport size photographs of both the donor and the recipient are required

4. No Objection Certificate (NOC): If the property is mortgaged or has any pending dues, a No Objection Certificate (NOC) from the concerned authorities must be obtained

5. Encumbrance Certificate: An Encumbrance Certificate (EC) that shows that the property is free from any liens or encumbrances must be obtained

6. Gift Deed: The gift deed must be drafted on a stamp paper of the requisite value and signed by the donor, the recipient, and two witnesses

7. Receipt of Payment of Stamp Duty and Registration Charges: Proof of payment of the stamp duty and registration charges must be provided