Varun Desai & Co.,
Varun Desai
15 Years Exp
Relinquishment deed (Show More)
Bangalore , Banashankari III Stage
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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 : Varun Desai
Law Firm Name : Varun Desai & Co.,
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 2010
About Your Firm : we are mid-sized law firms handle litigation and non-litigation assignments and advise clients on various issues and advise corporate sectors… even involved in internal policy making proses of the corporate sectors …
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