The gift deed is a registered document through which the property owner transfers property to another person without consideration as a gift.
The person gifting property is called the Donor, the person accepting the gift is called Donee
4 Step procedure to Gift a property in Bangalore:
- Documents
- Drafting
- Government fee (Stamp Duty & Registration fee)
- Registration
Below, we explained 4 steps in detail:
- Documents:
To register a gift deed, the donor & donee should have the following documents
- Donor’s registered deed (Sale deed, gift deed, partition deed, Release Deed, WLL Etc..)
- 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, draft looks like below image
3. Government fee (Stamp Duty & Registration fee) :
The government fees are different for blood relatives and non-blood relatives. The following people come under blood-relative category
- Father
- Mother
- Brother
- Sister
- Husband
- Wife
- Son/Daughter
Uncles, cousins, nephews, and in-laws don’t come under blood-relative category
Following are the government fee for blood relatives:
- Stamp Duty: Rs. 5000
- Registration fee: Rs. 1000
- Scanning Rs. 35 per page
Following are the government fee for non-blood relatives: (below % is based on the guidance value)
- Stamp Duty: 5.1%
- Registration fee: 1%
- Cess: 0.5%
- Scanning Rs. 550 (approx)
4. Registration:
Below is the step-by-step procedure to register the gift deed in sub-registrar office
Step 1: Submit the applciation on Kaveri Online Services https://kaveri.karnataka.gov.in/landing-page
Must have following documents to submit an application
- Donor’s registered deed (Sale deed, gift deed, partition deed, Release Deed, WLL Etc..)
- Tax paid receipt (of current financial year)
- eKhata
- Donor’s Aadhar and PAN
- Donee’s Aadhar and PAN
- GIFT DEED draft (to be registered)
Step 2: Appliction get approved within 2-3 working days, pay the government fee and book the registration slot
Step 3: Print the Gift Deed draft on document paper. Donor & Donee sign the Gift Deed
Step 4: The following documents to sub-registrar office for gift deed registraton
- Application summary report
- Gift Deed (to be registerd)
- Aadhaar of Donor and Donee
- Govenment fee trsnaction recept
- Two witness and their aadhaar
The donor and donee sit in front of registration counter, officer takes the photo of donor & donee via webcam placed on computer monitor, takes biometric thumb impression and OTP authentication
Step 5: Officer scans the gift deed for government record and have over the hardcopy to presenter (Donor or Donee)
This completes the procedure to register the 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 + 9 1 – 97424 79020.
Thank you for reading…