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The only difference lies in terms of consideration. In sale deed, the property is transferred in exchange for consideration of some value but in the Gift Deed, the transferor takes nothing. Is there an exchange of money involved in the Gift Deed? There is no exchange of money involved in the Gift Deed.

Gift Deed under the Transfer of Property Act The property mentioned in the Gift Deed must exist when making the Gift. The Donor of the concerned property must be the lawful owner with a clear title. The Gift must be voluntary and without coercion. The Gift must not involve monetary/otherwise consideration.

Think twice about property as a gift From a financial standpoint, it is usually better for your heirs to inherit real estate than to receive it as a gift from a living benefactor.

Gift Deed ? A gift deed is a special type of grant deed that ?gifts? ownership of real property interest to another person or entity. This deed is different from a standard grant deed because it specifically designates that the transfer was not subject to a sale, and the grantor received no monetary compensation.

Irrevocable: Once a gift deed has been executed, it is irrevocable, which means that the donor cannot change their mind and take back the gift. This can be a disadvantage if the donor later decides that they want to keep the property or assets for themselves.

A deed of gift is a signed legal document that voluntarily and without recompense transfers ownership of real, personal, or intellectual property ? such as a gift of materials ? from one person or institution to another.

Registration and Stamp duty in Andhra Pradesh is levied at 1% and 5% of the property's market value, respectively. Additionally, homebuyers are also charged a transfer duty fee of 1.5% of the property's market value. Thus, a homebuyer pays a total of 7.5% of the transaction amount.