What is the process to transfer ownership of a gifted property
Steps to Transfer Ownership of a Gifted Property:
-
Draft a Gift Deed
On stamp paper as per state laws, stating the transfer is voluntary. -
Acceptance by the Donee
Ensure it is recorded in the deed. -
Signatures
Get the gift deed signed by the donor, the donee, and two witnesses. -
Pay Fees
Pay the stamp duty and registration fees and obtain the receipt for future reference. -
Submit to Sub-Registrar
Submit the deed for verification. -
Receive Registered Gift Deed
This serves as proof of ownership transfer.


