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Can a General Power of Attorney (GPA) holder gift property to self?

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PGN Property Management PGN Property Management, Real Estate & Documentation Consultant with 21+ years of experience
Answered on May 18,2022

Yes, General Power of Attorney (GPA) holder can do Gift deed

When you draft a GPA for gift deed execution, important to mention that GPA is application for GIFT DEED execution. To be more specific, mention the donor and donee details in GPA.

Let me give a real example of executing gift deed through GPA, Mother Ms. Sumathi gave GPA to daughter Ms.Shilpa. Below is the image of registered GPA

General Power of Attorney General Power of Attorney Gift property General Power of Attorney Gift property to self General Power of Attorney Gift property to self

 

 

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By using the above GPA, daughter Ms Shilpa did Gift deed to herself, Ms.Shilpa represented both donor and donee. Below registered GIFT DEED for your reference.

GPA donor donee Donor Donee GPA General Power of Attorney Donor Donee GPA execution GPA donor donee GPA Gift

 

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Government charges for GPA holder gifting to blood relative: (in Karnataka)

  • Stamp Duty: Rs. 5150
  • Registration fee Rs. 1000
  • Cess Rs. 500
  • Scanning fee Rs. 450 (approx)

Following people come under blood relative category:

  • Father
  • Mother
  • Brother
  • Sister
  • Wife
  • Son/daughter

Note: Uncle, aunt, cousin, in-law, nephew, friends and colleagues come under non-blood relative category.

 

For non-blood relatives: Government charges are paid based on property guidance value.

Guidance value more than Rs. 35 lakh

  • Stamp Duty: 5.1% of property guidance value
  • Registration fee: 1% of property guidance value
  • Cess: 0.5% of property guidance value
  • Scanning fee Rs, 750 (approx)

Guidance value above Rs. 20 lakh and below Rs. 35 Lakh:

  • Stamp Duty: 3.06% of property guidance value
  • Registration fee: 1% of property guidance value
  • Cess: 0.3% of property guidance value
  • Scanning fee Rs, 750 (approx)

Guidance value below Rs. 20 Lakh:

  • Stamp Duty: 2.04% of property guidance value
  • Registration fee: 1% of property guidance value
  • Cess: 0.2% of property guidance value
  • Scanning fee Rs, 750 (approx)

Note:

Guidance is available online on Kaveri Online service or get at the information counter of sub-registrar office

In Karnataka, government charges are paid on K2 website and generate K2 challan.

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In Bangalore, we provide assistance do GPA and gift deed registration. To opt for our service, please Whatsapp to + 9 1 - 9 7 4 2 4 7 9 0 2 0 .

Thank you for reading…

 

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