law office of Minal Udani-Lisam
Minal Udani-Lisam
49 Years Exp
Relinquishment deed (Show More)
Mumbai , Chembur
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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 : Minal Udani-Lisam
Law Firm Name : law office of Minal Udani-Lisam
Country : India
City : Mumbai
State : MAHARASHTRA
Practicing Since: 1977
About Your Firm : Law office handling all Legal assignments, legal advice, legal matters, court matters, testamentary assignments, arbitration, matters in Corporate, commercial, Property and matrimonial and family matters etc.
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