Sampige Law Associates
Shanmukha Sampige
34 Years Exp
Relinquishment deed (Show More)
Bangalore , K. G. Road
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Overview
This agreement is not the best way to transfer a property to someone without involving any monetary transactions. This method allows the owner to transfer a property to a co-owner. This sort of transfer is also irrevocable. This involves a relinquishment deed that needs to be signed by both parties and registered at the sub-registrar’s office. A stamp duty needs to be paid during the registration process. However, the stamp duty needs to be paid only on the portion of the property that is being relinquished and not on the total value of the property. When compared to the gift deed, this deed has the problem of being taxable, if the relinquishment is for monetary gains, and not inclusive of any discounts if the property is being relinquished to a relative
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Name : Shanmukha Sampige
Law Firm Name : Sampige Law Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1991
About Your Firm : I am an Independent Law Practitioner since 1991. Most of practice is related to conveyancing.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Shanmukha Sampige | 717/91 | Karnataka |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
| Ravikumar J M | Karnataka |
Legal & Drafting
Procure Revenue Documents ( Pahani/RTC )
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Subject : Drafting a Will
Question : Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?
Answer by Sampige Law Associates : Yes, you can.
Subject : Cost of rental agreement
Question : What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send
Answer by Sampige Law Associates : Stamp Duty is dependent on the Security Deposit that is being given under the Rental Agreement and the Rent payable and also number of months or years of lease.
