Gift Deed(ದಾನ ಪತ್ರ)

A registered instrument by which a property owner transfers ownership to another person without monetary consideration (as a gift). Under Section 122 of the Transfer of Property Act, the gift must be accepted by the donee during the donor's lifetime. In Karnataka, gifts to lineal family (spouse, parent, child) attract a concessional ₹1,000 fixed stamp duty (Article 28(b)); gifts to non-family attract the same slab rates as sale deeds (2/3/5%).