Release Deed
Introduction
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.
Eligibility
Who can apply?
- The releasor must hold a valid, documented legal share in the property (e.g., through inheritance or joint purchase).
Required Documents
- Original title documents holding joint names (Parent Deed / Heirship Certificate).
- Drafted Release Deed.
- Aadhar/PAN Card of releasor, releasee, and witnesses.
Application Process
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.
Govt FeesHighly subsidized (or flat fee) if without compensation between blood relatives
Processing Time1 to 2 Days
Disclaimer: This guide is for informational purposes only. Procedures, fees, and processing times may vary by state. Always verify procedures directly from your state’s official Registration & Stamps Department portal or consult a certified property lawyer before making financial decisions.