Different Types of Property Transfers in India — Explained 👇 When ownership of a property changes hands, it can happen in several legally recognized ways: 1️⃣ Sale Deed: A sale involves transfer of ownership for a consideration (payment). Must be registered under the Registration Act, 1908. 2️⃣ Gift Deed: A voluntary transfer without any monetary exchange. Must be executed on stamp paper and registered. Gifts to non-family members may attract tax under the Income Tax Act, 1961. 3️⃣ Relinquishme