Gift deed
Krishna Gopal
(Querist) 06 February 2013
This query is : Resolved
I want to know whether registration of gift deed is compulsory or its optional..
Nadeem Qureshi
(Expert) 06 February 2013
Compulsory to save from legal bettle
R.K Nanda
(Expert) 06 February 2013
compulsory to be on safer side legally.
ajay sethi
(Expert) 06 February 2013
it is mandatory to have gift deed regd .
Devajyoti Barman
(Expert) 06 February 2013
For immovable property it is mandatory, for movable it is optional.
Adv k . mahesh
(Expert) 18 March 2013
Under Section 123 of the Transfer of Property Act,
A gift of property, which is not registered, is bad in law and cannot pass any title to the donee. Documents should be stamped and registered as required. Mere delivery of possession without a written instrument cannot confer title.
A deed cannot be dispensed with even for a property of small value. Attestation by two witnesses is required. This provision excludes every other mode of transfer and even if the intended donee is put in possession, a gift of property is invalid without a registered instrument.
