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.

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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.

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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.



 

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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User Reviews


4.6 - 22 reviews
A
LawRatoLawRatoLawRatoLawRatoLawRato

nice article and very helpful about relinquishment deed

Aman on Mar 21, 2020
K
LawRatoLawRatoLawRatoLawRato

who to contact to make relinquishment deed?

Krishna on Mar 18, 2020
A
LawRatoLawRatoLawRatoLawRato

how to register relinquishment deed?

Ankur on Mar 27, 2020
A
LawRatoLawRatoLawRatoLawRatoLawRato

very well. Please share hakka sod patra format

Ankur on Apr 02, 2020
S
LawRatoLawRatoLawRatoLawRato

is it mandatory to register hakka sod patra?

Satya on Mar 10, 2020
M
LawRatoLawRatoLawRatoLawRato

I want to know more about this law. Good work

Mani on Mar 22, 2020
I
LawRatoLawRatoLawRatoLawRatoLawRato

excellent article. Very informative

Ishita on Mar 24, 2020
N
LawRatoLawRatoLawRatoLawRato

good work

Naresh on Mar 28, 2020
G
LawRatoLawRatoLawRatoLawRatoLawRato

The article is written ver well. Learned a lot about my case through this.

Geetha on Feb 21, 2020
I
LawRatoLawRatoLawRatoLawRatoLawRato

Nice piece on the subject.

Ishita on Apr 02, 2020
S
LawRatoLawRatoLawRatoLawRatoLawRato

Very nice article. English is very simple. Thank you for the information.

Sunil on Feb 21, 2020
S
LawRatoLawRatoLawRatoLawRatoLawRato

very helpful

Sharad on Mar 22, 2020
P
LawRatoLawRatoLawRatoLawRatoLawRato

needed some more information on the subject.

Prabhakar on Mar 16, 2020
G
LawRatoLawRatoLawRatoLawRatoLawRato

A well written article.

Gopal on Mar 25, 2020
A
LawRatoLawRatoLawRatoLawRatoLawRato

I have legal query. Who can I call?

Ayush on Mar 09, 2020
R
LawRatoLawRatoLawRatoLawRatoLawRato

Very good article

Ritu on Feb 24, 2020
V
LawRatoLawRatoLawRatoLawRato

nice article. Good legal advice

Vikas on Mar 31, 2020
M
LawRatoLawRatoLawRatoLawRato

thank you for the information

Manisha on Mar 28, 2020
N
LawRatoLawRatoLawRatoLawRato

Nice one.

Nikita on Mar 11, 2020
S
LawRatoLawRatoLawRatoLawRato

good article. Very helpful

Sahil on Feb 19, 2020
G
LawRatoLawRatoLawRatoLawRato

Very helpful in understanding the law.

Gaurav on Mar 13, 2020
D
LawRatoLawRatoLawRatoLawRatoLawRato

nice article. Thanks for the information

Deepika on Mar 15, 2020

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