To answer your query, does gift deed need to be registered, I’d like to say Yes, the registration of a gift deed is compulsory for immovable property.
Is Registration of Gift Deed Compulsory?
According to Section 123 of the Transfer of Property Act, 1882, the transfer of immovable property through a gift must be formalised via a registered instrument. This instrument must be signed by or on behalf of the donor and attested by at least two witnesses.
For movable property, registration is optional and can be affected either by a registered instrument or by delivery. I hope this helps you answer the query, is gift deed compulsory or not.
Get Help in Gift Deed Registration Done Via Legal Experts at NoBrokerRead More:
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Is Registration of Gift Deed Compulsory?
Simon
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2024-08-30T16:05:16+00:00 2024-09-05T11:36:49+00:00Comment
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