Shantha chellappa

 Shantha Chellapps

 48 Years Exp

 Relinquishment deed (Show More)

 Bangalore , Bellandur

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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 : Shantha Chellapps

Law Firm Name : Shantha chellappa

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 1977

About Your Firm : I am an independent advocate.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Karnataka
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State

 

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