Irtiza M. Salaria & Associates. Advocates & L

 Irtiza Mushtaq

 14 Years Exp

 Relinquishment deed (Show More)

 Jammu , Bain Bajalta

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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 : Irtiza Mushtaq

Law Firm Name : Irtiza M. Salaria & Associates. Advocates & L

Country : India

City : Jammu

State : JAMMU & KASHMIR

Practicing Since: 2012

About Your Firm : Deals in cases regarding real estate, all criminal cases and also cases under Negotiable Instruments Act

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