Adv.Ambrose leo Associates & Legal Consultant

 Ambrose

 15 Years Exp

 Relinquishment deed (Show More)

 Bangalore , EPIP

 View Answers by this Partner (4)

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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 : Ambrose

Law Firm Name : Adv.Ambrose leo Associates & Legal Consultant

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 2010

About Your Firm : Established in 2010. Offices at maharashtra and Karnataka, Practicing in Nagpur,Mumbai Maharashtra,Bangalore Karnataka High Courts. Professional & Expert in Employment and Service Matters,Central Government Courts under Ministry of Labour & Employments. Up to High Courts, Central Administrative Tribunals, Property & Civil & Criminal cases Connected,Company Law Matters Registrar of Companies Under Ministry of Corporate Affairs Under Union Of India.Consumer Forums,Co-operative courts etc.

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adv.Ambrose leo MAH 7749/2010 Bar Council Of Maharashtra & Goa
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Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by Adv.Ambrose leo Associates & Legal Consultant :  Cost of Rental Agreement including Stamp Paper and agreement as per the requirement of Law is prepared Immediately on receipt of details on all aspect of the Law.Total Charges Rs.1000/- (Rs.One thousand Only)

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Adv.Ambrose leo Associates & Legal Consultant :  Yes, you have to prepare duly stating the status of the property with relevant documents and annexe, you should have two witness preferably your family doctor & Lawyer and register.Better to consult a Expert lawyer to prepare all aspects of the issue & register.

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Adv.Ambrose leo Associates & Legal Consultant :  Yes, you have to prepare duly stating the status of the property with relevant documents and annexe, you should have two witness preferably your family doctor & Lawyer and register.Better to consult a Expert lawyer to prepare all aspects of the issue & register.

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Adv.Ambrose leo Associates & Legal Consultant :  Yes.For drafting will contact through this panel immediately.