Gifting has always been a heartfelt way to express love and gratitude toward parents. If you are a Non-Resident Indian (NRI) looking to gift immovable property to your parents in India, the good news is that it is legally permissible and involves a simple process. Additionally, the stamp duty and registration fees for a gift deed are relatively low compared to a regular property transaction.
Three Simple Steps to Gift Immovable Property in India
As an NRI, you can follow these three key steps to gift immovable property to your parents:
- Execute a Power of Attorney (POA) – If you are unable to be physically present in India, you can authorize a trusted representative, typically a family member, through a General Power of Attorney (GPA).
- Pay Government Charges – This includes the applicable stamp duty and registration fee for the gift deed, which varies by state.
- Gift Deed Registration – The gift deed must be drafted, signed, and registered with the sub-registrar’s office to make the transfer legally valid.
Real-Life Example: Mr. Chaitanya’s Gift to His Father
To provide better clarity, let’s consider a real-life scenario:
Mr. Chaitanya, an NRI residing in New Zealand, owns a 2BHK flat in the Aditya Vintage Apartment complex in South Bangalore. He wishes to gift this property to his father, Mr. Ramayya. Here’s how he completed the process:
- Executing the General Power of Attorney (GPA)
Since Mr. Chaitanya was abroad, he executed a General Power of Attorney (GPA) in favor of his father, Mr. Ramayya, authorizing him to complete the property transfer on his behalf.
Refer to below GPA Image:
2. Payment of Government Charges
- Ramayya paid the necessary stamp duty and registration fees for the gift deed. Refer to below payment receipt
3.Gift Deed Registration
- Using the GPA, Mr. Ramayya proceeded to register the gift deed.
- He signed the gift deed both as the donor (on behalf of his son, Mr. Chaitanya) and as the donee (himself, the recipient of the gift).
Refer to below Registered Gift Deed
With these steps completed, the property was successfully transferred from Mr. Chaitanya to his father, Mr. Ramayya.
Need Assistance?
If you require professional assistance in executing a GPA to registering a gift deed, we provide end-to-end support.
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