Difference Between Release Deed & Gift Deed
What is a Release Deed? A release deed is a legal document through which one co-owner voluntarily relinquishes their share in a property in favour of another co-owner. It is typically used in situations where multiple individuals jointly own a property, such as in inheritance cases or joint ownership arrangements. The key aspect of a […]
What is the Difference Between Gift Deed and Settlement Deed in 2026?
What is a Gift Deed? A gift deed is a legal document used to voluntarily transfer ownership of property from one person to another without any monetary consideration. The transfer is made out of love and affection, typically between family members such as parents, children, or spouses. Once executed and registered, the ownership of the […]
What Is the Stamp Duty on Gift Deed in Maharashtra in 2026? Latest Rates and Legal Rules
Stamp duty on a gift deed in Maharashtra depends on the property location, ready reckoner value, and the relationship between the donor and the recipient. Generally, the duty ranges between about 5 percent to 7 percent, while family transfers may get concessional rates. Registration charges are usually around 1 percent of the property value. Understanding these charges helps ensure proper legal transfer of property through a gift deed and avoids registration issues.
Can a Gift Deed Be Revoked After Registration in India?
A registered gift deed cannot be cancelled by the donor at their mere will. Any clause that allows revocation purely at the donor’s will is treated as void under the law governing gifts.
Courts have reiterated that revocation is not ordinary and must fall within the limited grounds laid down in law (not personal regret or change of mind).