If you give real estate or stocks or bonds as a gift, then you will need to get your Gift Deed registered with the appropriate authority. Remember that a Gift Deed is not a method to avoid estate taxes. ... The Donor is the person who is giving away the gift.
What if gift deed is not registered?
Under Section 122 of the Transfer of Property Act, a gift of an immovable property is to be made by a deed and further this deed has to be registered. ... In this case, since the deed has not been registered, you will not be able to use the deed as evidence in the court of law to claim a valid title to the property.
Do we need to register gift deed?
A Gift Deed is valid only when it is without any consideration in return by one family member/ friend to another. It is mandatory to register Gift Deed, according to Section 17 of the Registration Act, 1908.