Hakka Sod Patra Relinquishment deed in Maharashtra

हिंदी में पढ़ें
June 20, 2019
By Advocate Chikirsha Mohanty



What is Hakka Sod Patra?

A Hakka Sod Patra (or Haq Sod Patra) is 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.

Connect with an expert lawyer for your legal issue
 

What is the registration procedure for Hakka Sod Patra?

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

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

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

  • Government registration fee is paid.

  • Both the parties and 2 witnesses are required to visit the registrar 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 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.

Consult: Top Property Lawyers in India
 

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.



 

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.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Property Lawyers


Advocate Rajesh Rai
Sector-19, Dwarka , Delhi
20 years Experience
Advocate Sunil Kumar Bakshi
Sector-16 , Faridabad
33 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala , Jaipur
19 years Experience
Advocate Jaspreet Singh Rai
Greater Kailash 1 , Delhi
17 years Experience

Related Articles


Connect with top Property lawyers for your specific issue

Legal Questions Answered by Top Lawyers


Property Law Articles


Daughter has right over Parental Property even if Father died before Hindu Succession (Amendment) Act 2005

Right to Fair Compensation in Land Acquisition

Property Partition Laws in India

How to send a Property Partition Legal Notice?

User Reviews


4.5 - 20 reviews
G
LawRatoLawRatoLawRatoLawRatoLawRato

who to contact to make relinquishment deed?

Gayathri on Aug 13, 2020
H
LawRatoLawRatoLawRatoLawRatoLawRato

nice article and very helpful about relinquishment deed

Harpreet on Sep 12, 2020
B
LawRatoLawRatoLawRatoLawRato

very well. Please share hakka sod patra format

Bharath on Sep 16, 2020
V
LawRatoLawRatoLawRatoLawRatoLawRato

how to register relinquishment deed?

Virendra on Sep 01, 2020
A
LawRatoLawRatoLawRatoLawRato

is it mandatory to register hakka sod patra?

Anuradha on Sep 21, 2020
V
LawRatoLawRatoLawRatoLawRatoLawRato

very good article. Please provide more information on the subject

Vimal on Sep 25, 2020
A
LawRatoLawRatoLawRatoLawRatoLawRato

helpful in understanding the law

Abhi on Aug 14, 2020
S
LawRatoLawRatoLawRatoLawRato

Very good article

Sunil on Sep 10, 2020
M
LawRatoLawRatoLawRatoLawRato

very helpful

Manu on Aug 18, 2020
C
LawRatoLawRatoLawRatoLawRatoLawRato

Excellent work. Very helpful for understanding the subject.

Chandra on Sep 20, 2020
N
LawRatoLawRatoLawRatoLawRatoLawRato

thanks for the legal advice

Neelam on Sep 20, 2020
G
LawRatoLawRatoLawRatoLawRato

how to contact a lawyer for my legal case?

Gautam on Aug 13, 2020
S
LawRatoLawRatoLawRatoLawRatoLawRato

it’s a very nice legal article

Supriya on Sep 05, 2020
P
LawRatoLawRatoLawRatoLawRatoLawRato

very informative. Can you tell more about this

Pravin on Sep 04, 2020
S
LawRatoLawRatoLawRatoLawRatoLawRato

informative

Shivangi on Sep 02, 2020
A
LawRatoLawRatoLawRatoLawRatoLawRato

good article and easy to understand

Anitha on Aug 21, 2020
J
LawRatoLawRatoLawRatoLawRato

nice work with the article.

Jaya on Sep 07, 2020
C
LawRatoLawRatoLawRatoLawRatoLawRato

Very helpful in understanding the law.

Chandra on Aug 16, 2020
M
LawRatoLawRatoLawRatoLawRato

Answered all my legal queries.

Monika on Sep 18, 2020
A
LawRatoLawRatoLawRatoLawRato

it’s a very good article

Ayesha on Sep 13, 2020

VIEW ALL