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Is it compulsory to register release deed within family members?
18-Sep-2023 (In Property Law)
I am Hindu.My elder daughter executed an unregistered release deed in the year 1996 since she had chosen her life partner in other community and living separately. In release deed her husband and her father in law put witness signatures but it was not registered at subregistrar office. Now I am having self acquired property and I executed a registered will in 2006 as present living house should go to my son.I am having 1 son and 2 daughters. Another property between my brothers is in dispute and same is pending with high court.Is there any chance of my daughter to claim in the disputed property if I will succeed.? Advise
With respect to your self acquired property you have absolute right to part away to any one you desire either by way of Will or sale or gift or settlement. Either partially or fully. No person can claim anything against your desire. Other property matter is depend on the subject decision of High Court and aftermath developments which can not be discussed at this point of time.
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What is the cost of release deed in India?
Stamp duty for a relinquishment is 6% for men and 4% for women. Stamp duty should be paid to the Collector of Stamps/SDM. Registration fees for Relinquishment deeds are 1% of total deed amount plus Rs. Pasting fees of 100 rupees.
What documents are required for release deed in Mumbai?
Original documents: The original documents relating to the transfer of property, such as the gift deed or lease contract, must be submitted. Identity Proofs: Identification proofs for the parties, such as PAN cards, Aadhaar cards, or passports, are required.
Is registration of release deed compulsory?
Should a relinquishment act be registered? According to Section 17(1)b of the Registration Act (1908), an instrument that creates or transfers a property right must be registered. A relinquishment agreement must be registered to make it valid. 18 Oct 2023
What is the document of release deed?
A deed release is a document that legally releases a claim to an asset. It is a legal document that documents the release of a contract. When a lender transfers title to real estate after the mortgage is paid, he may include a deed release.
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