Release Deed
परिचय
Release Deed (Relinquishment) – Quick Facts
- Purpose: One co-owner voluntarily giving up their share in favor of another co-owner.
- Limitation: Can ONLY be executed between existing co-owners of a property.
- Condition: Cannot be used to transfer a share to a non-owner (that requires a Gift/Sale Deed).
- Irrevocability: Once registered, a relinquishment deed cannot be unilaterally cancelled.
What is a Release Deed (Relinquishment Deed)?
A Release Deed or Relinquishment Deed is a widely used legal document under the Transfer of Property Act through which an individual voluntarily surrenders or "releases" their legal rights/share in a jointly owned property in favor of the other co-owners. This is most commonly seen during inheritance when sisters or brothers relinquish their ancestral property shares in favor of their siblings.
Unlike a Gift Deed which can transfer property to anyone, a Release Deed can only be executed between people who already jointly own the property. It can be executed with or without financial compensation.
पात्रता
कौन आवेदन कर सकता है?
- The releasor must hold a valid, documented legal share in the property (e.g., through inheritance or joint purchase).
आवश्यक दस्तावेज़
- Original title documents holding joint names (Parent Deed / Heirship Certificate).
- Drafted Release Deed.
- Aadhar/PAN Card of releasor, releasee, and witnesses.
आवेदन प्रक्रिया
Steps for Valid Execution
- Draft the Release Deed on appropriate non-judicial stamp paper strictly naming the releasor (surrendering party) and the releasee (benefiting party).
- Identify whether the release is for financial compensation or out of love and affection (this alters the stamp duty).
- All parties and two witnesses must physically visit the Sub-Registrar having jurisdiction over the property.
- Sign the document and undergo biometric verification.
- Following the registration, the releasee must update the Khata to reflect the sole ownership.
सरकारी शुल्कHighly subsidized (or flat fee) if without compensation between blood relatives
प्रसंस्करण समय1 to 2 Days
अस्वीकरण (Disclaimer): यह मार्गदर्शिका केवल सूचना के उद्देश्यों के लिए है। राज्य के अनुसार प्रक्रियाएं, शुल्क और प्रसंस्करण समय भिन्न हो सकते हैं। वित्तीय निर्णय लेने से पहले हमेशा अपने राज्य के आधिकारिक पंजीकरण और स्टाम्प विभाग पोर्टल से प्रक्रियाओं की पुष्टि करें या किसी प्रमाणित संपत्ति वकील से परामर्श लें।