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 H Gouri Shankar
Dilsukhnagar , Hyderabad
24 years Experience
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

Related Articles


Connect with top Property lawyers for your specific issue

Property Law Articles


Rights of son in Ancestral Property

Woman/Daughter's Rights in Ancestral Property

Ancestral Property Partition and Family Rights

Property Document Verification in Bangalore

User Reviews


4.5 - 22 reviews
S
LawRatoLawRatoLawRatoLawRatoLawRato

how to register relinquishment deed?

Shailendra on Dec 17, 2019
S
LawRatoLawRatoLawRatoLawRato

is it mandatory to register hakka sod patra?

Sharad on Dec 28, 2019
V
LawRatoLawRatoLawRatoLawRatoLawRato

who to contact to make relinquishment deed?

Vidya on Dec 04, 2019
R
LawRatoLawRatoLawRatoLawRatoLawRato

nice article and very helpful about relinquishment deed

Renuka on Dec 07, 2019
N
LawRatoLawRatoLawRatoLawRato

very well. Please share hakka sod patra format

Neetu on Dec 16, 2019
S
LawRatoLawRatoLawRatoLawRato

thanks for the legal advice

Saurabh on Dec 23, 2019
K
LawRatoLawRatoLawRatoLawRato

nice work. Learned a lot. Thanks

Kanchan on Dec 18, 2019
K
LawRatoLawRatoLawRatoLawRatoLawRato

nice work with the article.

Kaushal on Dec 30, 2019
A
LawRatoLawRatoLawRatoLawRatoLawRato

more info needed on the law

Amrita on Dec 31, 2019
D
LawRatoLawRatoLawRatoLawRato

solved my queries.

Diya on Jan 10, 2020
N
LawRatoLawRatoLawRatoLawRato

great content. Thanks.

Nidhi on Dec 28, 2019
S
LawRatoLawRatoLawRatoLawRato

Very good work with the article. Gave a nice clarity about the subject.

Sourav on Dec 05, 2019
V
LawRatoLawRatoLawRatoLawRato

Excellent work. Very helpful for understanding the subject.

Vinod on Dec 22, 2019
R
LawRatoLawRatoLawRatoLawRatoLawRato

nice one. Please share more info

Rishi on Dec 09, 2019
H
LawRatoLawRatoLawRatoLawRato

I have legal query. Who can I call?

Harish on Jan 11, 2020
D
LawRatoLawRatoLawRatoLawRatoLawRato

thank you for the information

Dheeraj on Dec 18, 2019
T
LawRatoLawRatoLawRatoLawRato

Written plainly to be understood by anyone who is from a non-legal background.

Tarun on Dec 16, 2019
G
LawRatoLawRatoLawRatoLawRatoLawRato

informative

Geetha on Dec 03, 2019
A
LawRatoLawRatoLawRatoLawRatoLawRato

Gave me a very clear idea of the subject.

Anjali on Dec 27, 2019
R
LawRatoLawRatoLawRatoLawRato

Written in a very simple language.

Rakesh on Jan 07, 2020
R
LawRatoLawRatoLawRatoLawRatoLawRato

loved the way concept is explained. Nicely written for any layman to understand.

Ritesh on Dec 08, 2019
P
LawRatoLawRatoLawRatoLawRatoLawRato

Answered all my legal queries.

Prakash on Jan 08, 2020

VIEW ALL