• Gift deed between friends

Can a gift deed be executed between friends? Or is the gift deed only applicable to family members?
Asked 4 years ago in Property Law
Religion: Christian

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12 Answers

Property can be exchanged through gift deed between any one friends or relative. It is preferred mode of transfer between relatives coz it stamp duty on gift deed between relatives is minimal.

Ravi Shinde
Advocate, Hyderabad
5134 Answers
42 Consultations

Gift can be given to anyone irrespective of whether you are related to him/her or not.

Rahul Mishra
Advocate, Lucknow
14114 Answers
65 Consultations

there is no restriction in executing a gift deed in favour of friend. 

Mohammed Mujeeb
Advocate, Hyderabad
19341 Answers
32 Consultations

Gift deed can be executed between friends but it attracts higher stamp duty 

Ajay Sethi
Advocate, Mumbai
99868 Answers
8149 Consultations

An immovable property can be transferred by one friend to another also by executing a registered gift deed.

The applicable stamp duty would at 7% of government guidelines value besides registration charges.

T Kalaiselvan
Advocate, Vellore
90070 Answers
2500 Consultations

It can be executed between friends too

Prashant Nayak
Advocate, Mumbai
34582 Answers
249 Consultations

Gift deed can be done with any person but within  family members stamp duty registration charges are less as compared to outside members.

Ganesh Kadam
Advocate, Pune
13008 Answers
267 Consultations

Can be executed easily. It can also be executed between two complete strangers as well. 

Vibhanshu Srivastava
Advocate, Lucknow
9763 Answers
323 Consultations

- YES, a Gift deed can be executed between friends as well , but it attracts more stamp duty and less stamp duty if given to blood related. 

Mohammed Shahzad
Advocate, Delhi
15821 Answers
242 Consultations

Hi, gift deed can be executed between the friends. However you need to pay stamp duty on the market value of the property.

Pradeep Bharathipura
Advocate, Bangalore
5625 Answers
339 Consultations

A gift of one's assets can be made legally to any person the donor wishes. So, a gift deed can be executed in favour of a friend. There is no legal impediment in such a case.

Swaminathan Neelakantan
Advocate, Coimbatore
3071 Answers
20 Consultations

Dear clients,
A gift is valid only when it is without any consideration in return by one family member to another. it is mandatory to register gift deed, according to section 17 of the registration act, 1908.

Anik Miu
Advocate, Bangalore
11022 Answers
125 Consultations

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