Abhishek Narayan Kundgolkar

 Abhishek Narayan Kundgolkar

 19 Years Exp

 Relinquishment deed (Show More)

 Belgaum , Belgaum Camp

 View Answers by this Partner (1)

 Profile Views : 8609

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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 : Abhishek Narayan Kundgolkar

Law Firm Name : Abhishek Narayan Kundgolkar

Country : India

City : Belgaum

State : KARNATAKA

Practicing Since: 2006

About Your Firm : I am an Independent lawyer. Working another law firm. Myself have independent briefs. Also conduct property search for leading banks.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Sachin P. Bichu Maharastra
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Subject :  Property Fraud
Question :  I purchased 3 non-NA plots from a seller on the condition that he will NA those plots in next 3 months. After 3 months, he started making reasons that the land has some problems. He asked us to wait for some time. Now Its been 7 years and he is giving me the same reason. I requested him to at least pay the money back but he is unnecessarily delaying that for the past 1 year. The seller is neither interested in giving me the plots nor the money back. How can I file a case against that fraudulent seller? Or what could be the best way to recover my money?

Answer by Abhishek Narayan Kundgolkar :  It is not mentioned under what deed you have purchased the said non NA plots. Because on the said deed only your claim will rest. Further there is already a delay of well over 7 years. My opinion will be only after verifying further contents of the deed and document executed between you and that person.