Gift Deed India

There is no gift tax in India. So no gift is deeply needed. For the purposes of registration, a statement of plain paper is sufficient.
Read about the wealth and gift taxes in India http://mytaxes.in/index.php?topic=19.0

You do not need to pay a tax for the preparation of a deed of gift. it can be done on plain paper. and signed by two witnesses.
secondaly there is no tax if the gift is given to a relative by blood.
gift tax in the third place is not paid by the person giving the gift, but the person receiving the gift (for example, if you give a gift to your brother, no tax for each of you, but if u give a gift to your friend, a friend thenyour has to add the value of the gift of income and pay taxes accordingly.
I speak of gifts in cash or property.