The lawful owner of a property can transfer it to another party without any monetary consideration through a gift deed. All such deeds must be signed by the donor, attested by at least 2 witnesses and registered. Once the gift deed is properly executed and registered, it vested all the legal rights and ownership to the donee i.e., the person to whom the gift has been made and he or she becomes the absolute owner of the property thereafter.
It must be well defined existing movable or immovable property. It must be transferable and existing today and not be a future property. It must be tangible.
It should include- Relationship details of the donor with the donee, Rights and authority of the donor, Description of the property being gifted, Confirmation clause on the delivery of possession.
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