A Gift Deed is a legal document used to voluntarily transfer ownership of property or assets without any monetary consideration. In India, it must be executed on stamp paper and registered as per the provisions of the Transfer of Property Act, 1882. Stamp duty on a gift deed varies from state to state and depends on factors such as the relationship between donor and donee and the value of the property. This guide covers the gift deed format, registration process, applicable stamp duty, and key legal requirements to ensure a valid and hassle-free transfer.