For a transfer of property through gift deed to be valid, it has to be registered2 min read 02 Sep 2015, 07:37 PM IST
Under section 122 of the Transfer of Property Act, 1882, you can transfer immovable property through a gift deed
There are various ways through which you can transfer a property that you own. It could be by way of sale, Will or gift. A commonly used method, especially when transferring to a family member or friend, is executing a gift deed in favour of the recipient. Though no monetary transaction is involved, it is still necessary to register the gift deed to make the transfer valid.