Is registration of a gift deed mandatory? How much should be the cost of a gift to undergo legal formalities like registration? How to register a gift deed? Is registration mandatory for gifting immovable property in India? Do I need a lawyer for gift deed registration? There are several doubts when some property or financial interests are being transferred from one to another. Consultation with the legal experts at Online Legal Query can help out understand the law for transfer of property through gifts in India. One should also be aware of the difference as compared to a Will, that a gift usually comes into effect almost immediately unless specified against the same.