Gunjan

 gunjan shah

 22 Years Exp

 Relinquishment deed (Show More)

, Bidhan Nagar

 View Answers by this Partner (8)

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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 : gunjan shah

Law Firm Name : Gunjan

Country : Andorra

Practicing Since: 2004

About Your Firm : Legal degree with knowledge in Computer Application. A combination of Legal Knowledge and Computer Expertise will help me in performing any Legal Jobs, be it in IT or Non-IT sector with ease and confidence. Practicing as an advocate/private attorney at the Hon’ble High Court, Calcutta, District Courts, Tribunals such as Land Administrative Tribunals, Central and State Administrative Tribunals and Forums including The Consumer Forums and dealing in Arbitration matters, both as representing counsel and also as Arbitrator.

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