Versatile Legal
Veena R
28 Years Exp
Relinquishment deed (Show More)
, Industrial Estate (Bangalore)
View Answers by this Partner (3)
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Information
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 : Veena R
Law Firm Name : Versatile Legal
Country : Andorra
Practicing Since: 1998
About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Veena R | Kar 628/1999 | Karnataka |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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