Common Release Deed for share to siblings

949 votes

You can transfer your share in immovable property to your sibling only by registered deed. You will relinquished only your share so you will have to sign only. This transfer is irrevocable .And stamp duty has to be paid.stamp duty will be payable only to the share which you are going to relinquished not on whole property. Your another query is if you can give your share to NGO trust. Yes you can make Gift deed in favor of NGO trust but stamp duty on it will be higher.

Advocate Sadhna Rana LawRato

789 votes

What do you mean by common release deed? Is it your self acquired property. If it is your self acquired property then you dont need the signature of your siblings. You can do whatever you want with the property. It should be executed where the property is situated. You need to pay for the registration and other charges. Kindly contact me for a detailed discussion, so that I can give you a clear advice and further guidance.

Advocate Suchit Palande LawRato

762 votes

Sir, Releasing or otherwise called relinquishing your right is a procedure through which you can part away your interest in a particular immovable property to your loved one for some consideration (Normally a sum paid and it is agreed on your part). The release can be made within your family or extended family also (Gov. Fee differs). I would like to suggest it is too early to decide the kind of deed as the type of deed can be decided only on scrutinizing the documents. But it might be a settlement or gift or release or any other deed depending on how it is weighed as suitable or proper in the given circumstances to avoid conflict of interest. 2) Temple Trust - Is it a public or private trust? - Yes you can transfer. 3) All type of immovable transfer will attract registration and stamp duty charges. The gov. fee payable for these instruments(documents) depend on the document you register.

Advocate GP Vijay LawRato