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release deed or sale deed from brother to sister
19-Jul-2023 (In Family Law)
Brother had property (land), where in his life time he wanted to gift the property to his 2 sister, i same way he gifted the property to 1 sister, Later he died, before giving another half property to another sister. Now brother has 4 children, now children are ready to give the property to 2nd sister, can this be done through release deed or sale deed. kindly advice
Yes it can be done through Relinquishment deed. For sale deed the stamp duty and registration charges will be higher as compared to release deed. Think which one you would like to opt. Please hire a good advocate vell versed in drafting to get the deed done.
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Adv. Rajesh Kumar K
Bangalore | 400+ Answers
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What is release deed for ancestral property?
A relinquishment is a document whereby a legal legatee releases or gives up his legal rights to a parental property. Relinquishment is the act of disposing of and giving up the rights, title and interest of one co-owner to another co-owner.
What is the validity of release deed?
In India, a release deed (also known as relinquishment) for immovable property, is a legal document that is valid and legitimate. 16-Feb-2022
What is release deed between co-owners?
These terms both mean the same thing: the co-owners can relinquish their ownership rights in the immovable property. The deed created for the same is termed as a relinquishment/release deed. 18-Oct-2023
How do I transfer property to my brother?
The section 122 of 1882s Transfer of Property Act should be followed when a gift of immovable is made. The gift must be made by a stamped and registered instrument signed by yourself, accepted by your sibling, and attested by two witnesses. 11-Jan-2016
It can be done by release deed. If the children are ready for the same, please request them to porceed for this only.
Apart from this you can also request his children to file affidavit inrespect of the same before the sub registrar
Apart from this you can also request his children to file affidavit inrespect of the same before the sub registrar
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Adv. M Lakshmikanth Arya
Bangalore | 500+ Answers
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Yea it can be done by executing release deed. The executors must atained the age of major. They have to execute the relinquishment deed with free consent. The four children have got the property by way of inherited from their father. therefore, the release deed only a solution.
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Adv. Bhojappa Kallihala
Bangalore | 400+ Answers
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The assumption is that after the death of your parents the flat will be owned in equal shares by you and all of your siblings. This is reflected in the share certificate of the society. In such circumstances, you siblings can execute a release document in your favor.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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