sen & associates
Basanta Kumar Sen
44 Years Exp
Relinquishment deed (Show More)
Kolkata , Kolkatta G.P.O.
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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 : Basanta Kumar Sen
Law Firm Name : sen & associates
Country : India
City : Kolkata
State : WEST BENGAL
Practicing Since: 1981
About Your Firm : I am a practising lawyer since the year 1981. I formed my o wn firm in the year 1985 and handle civil cases mainly in HIgh COurt and in all District Courts, Tribunals, Bank Tribunals, National COmpany Law Tribunals, outstation courts, and specilaising in Arbitration and documentation of all kinds including searching of title, registration, etc.
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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 sen & associates : Yes. It is very much possible. You can go ahead.
