Whether you are a donor (person giving the gift) or the donee (person receiving the gift), for a valid documentary record the gift, any movable or immovable property, a gift deed has to be executed. Since gifting is a volutary action on one’s own will and without any force, the act is final and irrevocable. Of all details outlined on the gift deed, it should also declare that the donor is not bankrupt and there is also the acceptance of the gift by the donee.

With our team of property valuation experts at LSC, the assets so gifted needs a proper valuation as either the immovable or the moveable, any gift that have to be registered in the name of the donee has to undergo stamp duty which is determined based on the value of the gift. So, the fair value of the property is ascertained for calculation of stamp duty which comes under the part of the service as we have a team of licensed property valuation experts too.