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Hakka Sod Patra Relinquishment deed in Maharashtra

हिंदी में पढ़ें
August 16, 2022
By Advocate Chikirsha Mohanty



Table of Contents

  1. What is Hakka Sod Patra?
  2. What is the registration procedure for Hakka Sod Patra?
  3. What are the advantages and disadvantages of transferring a property through a relinquishment deed?
  4. How can a lawyer help?


What is Hakka Sod Patra?

A Hakka Sod Patra (or Haq Sod Patra) is a relinquishment deed specific to the region of Maharashtra wherein a person legally or formally gives up or releases his legal rights of the said property being relinquished in the name of some other person. This is one of the modes of transferring rights of an immovable property.

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What is the registration procedure for Hakka Sod Patra?

  • The Hakka sod Patra is prepared or drafted by an advocate.

  • Stamp duty is purchased for execution. However, the Maharashtra government has announced that there will be no Stamp Duty applicable on the transfer of land, building, and estate to legal heirs and successors.

  • A date is fixed for registration in the Sub-Registrar office.

  • The government registration fee is paid.

  • Both the parties and 2 witnesses are required to visit the registrar's office on the fixed day for the registration.

  • Registered relinquishment deed or Haqqa Sod Patra is collected after a week
     



What are the advantages and disadvantages of transferring a property through a relinquishment deed?


Advantage

This document is most commonly used when a person dies without leaving behind a will and all siblings end up inheriting the property. Unlike a gift deed, you can draw the relinquishment deed for monetary consideration.

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Limitations

  • There are no tax benefits.  The term ‘transfer’ includes relinquishment, not gift. Hence, when you are relinquishing property for monetary consideration, it will result in capital gains for the transferor.

  • If the consideration is less than the stamp duty value of the property, the difference between the stamp duty and the consideration will be taxed in the hands of the buyer.

  • If you relinquish it without any consideration, the stamp duty value of the property will be its sales price.
     

How can a lawyer help?

A Hakka sod Patra being a legal document requires the supervision of a legal expert for the purpose of drafting and executing. A  documentation lawyer , owing to his years of experience in handling property-related documents, can guide you through the procedure of drafting and registration of the same. He can get the document drafted on your behalf and can ensure that your other rights or assets are not affected by executing a particular document. He can make sure that all the legal formalities are fulfilled while following the legal procedures and no legal harm is done to the property holder during the transaction. You can also use LawRato's  Free Legal Advice  service to get free advice on your case from expert property lawyers.



 

These guides are not legal advice, nor a substitute for a lawyer
These articles are provided freely as general guides. While we do our best to make sure these guides are helpful, we do not give any guarantee that they are accurate or appropriate to your situation, or take any responsibility for any loss their use might cause you. Do not rely on information provided here without seeking experienced legal advice first. If in doubt, please always consult a lawyer.


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Comments by Users


Mandar joshi
My aun is expired and his husband and son doing the hakka sod patra on my name.is the stamp duty is required

Reply by LawRato
Even though the Maharashtra government has announced that there will be no Stamp Duty applicable on the transfer of land, building, and estate to legal heirs and successors, it is recommended to take the advice of a local lawyer who will guide you after understanding the facts of your matter in detail.

You can hire a lawyer by clicking on the link below:

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User Reviews


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very well. Please share hakka sod patra format

Nandini on Nov 20, 2023
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who to contact to make relinquishment deed?

Shilpi on Nov 24, 2023
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how to register relinquishment deed?

Rishi on Nov 09, 2023
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nice article and very helpful about relinquishment deed

Mohan on Nov 08, 2023
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is it mandatory to register hakka sod patra?

Murali on Nov 18, 2023
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Very nice article. English is very simple. Thank you for the information.

Kunal on Nov 16, 2023
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nicely written. Great work

Rakesh on Oct 29, 2023
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informative

Shailendra on Oct 28, 2023
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very good article. Please provide more information on the subject

Surendra on Oct 20, 2023
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nice artcile

Manjunath on Nov 13, 2023
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good advice. Who can I contact for my legal issue?

Manoj on Nov 12, 2023
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Detailed and informative.

Jagdish on Oct 18, 2023
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very good article. Can you tell me more about the law?

Tanu on Oct 22, 2023
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very helpful and detailed

Manisha on Nov 25, 2023
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Gave a clear understanding about my legal issue.

Vinay on Oct 15, 2023
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great content. Thanks.

Vikas on Nov 01, 2023
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A well written article.

Suman on Nov 11, 2023
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how to contact a lawyer for my legal case?

Jatin on Oct 23, 2023
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nice article. Thanks for the information

Laxman on Nov 02, 2023
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amazing article

Sumit on Nov 16, 2023
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very good article. Good writing

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I have a case. Who can I contact?

Venkatesh on Nov 09, 2023

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