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When it is required to be stamped OR get registered? Gift made by way of cash or cheque does not mandatorily requires to be executed through a gift deed. Writing a plain typed note on a paper will generally suffice. It is not required to be stamped and registration is also not needed.
Steps involved in the drafting of Gift Deed Date and Place where the deed is to be executed. Information about Donor and Donee like Name, Residential Address, Relationship among them, Date of Birth, etc. Details about the property. Two Witnesses. Signatures of Donor and Donee along with the witnesses.
Transferring property or money by way of gift must be executed as a Deed because no consideration is given in return for the gift, thus the document has to be witnessed....RELATED DOCUMENTS: Monetary Deed of Gift. Deed of Gift - Objects. Deed of Gift - Shares. Monetary Deed of Gift - Home Purchase.
1. In consideration of the natural love and affection of the donor for the donee, the donor hereby transfers to the donee the said property, the estimated value of which is Rs. _________ (Rupees_______ only) to the donee to hold the same to the donee absolutely forever.
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