Consult an Expert

Business Setup

BookAppointment

Prefer to talk to a business advisor first?

Book a call back

Tax & Compliance

Trademark & IP

Documentation

Others

user-login
Consult an Expert

Consult an Expert

Right Arrow
Business Setup

Business Setup

Right Arrow
Tax & Compliance

Tax & Compliance

Right Arrow
Trademark & IP

Trademark & IP

Right Arrow
Documentation

Documentation

Right Arrow
Others

Others

Right Arrow
More

More

Right Arrow

Consult an Expert

Talk to a Lawyer

Talk to a Chartered Accountant

Talk to a Company Secretary

Talk to a IP/Trademark Lawyer

Business Setup

Business Registration

Private Limited Company

Limited Liability Partnership

One Person Company

Sole Proprietorship

Nidhi Company

Producer Company

Partnership Firm

Startup India Registration

International Business Setup

US Incorporation

Singapore Incorporation

UK Incorporation

Netherlands Incorporation

Hong Kong Company Incorporation

Dubai Company Incorporation

Company Name Search

Company Name Search

Change Company Name

Licenses & Registrations

Digital Signature Certificate

Udyam Registration

MSME Registration

ISO Certification

FSSAI [Food License]

IEC [Import/Export Code]

Apeda RCMC

Spice Board Registration

FIEO Registration

Legal Metrology

Hallmark Registration

BIS Registration

Liquor License

CLRA Registration & Licensing

AD Code Registration

IRDAI Registration

Drug & Cosmetic License

Customs Clearance

Web Development

Web/E-Commerce Website Development

Tax & Compliance

GST and Other Indirect Tax

GST Registration

GST Filing

GST Login Portal

HSN Code Finder

GST Cancellation and Revocation

Indirect Tax

RoDTEP

Changes in Pvt Ltd Company

Add a Director

Remove a Director

Increase Authorized Capital

Close the Pvt Ltd Company

Strike off Company

Change Objective/Activity

Change Address

Changes In Limited Liability Partnership

Add Designated Partner

Changes to LLP Agreement

Close the LLP

Mandatory Annual Filings

Annual Compliance Services

LLP Annual Filings

Secretarial Audit

Labour Compliance

Provident Fund (PF) Registration

ESI Registration

Professional Tax Registration

Shops and Establishments License

Employee Stock Option Plan [ESOP]

POSH Compliance

Labor Law Advisor

Accounting & Tax

Accounting and Book-keeping

TDS Return Filing

Individual Income Tax Filing

Proprietorship Tax Return Filing

ITR for LLP

Corporate Tax

Income Tax Assessment

Income Tax Notice

Virtual CFO

Convert Your Business

Proprietorship to Pvt Ltd Company

Compliance Check - Secretarial Audit

Due Digilence

RBI Compliance

Convert Partnership into LLP Company

Convert Private into Public Limited Company

Convert Private into OPC Company

Trademark & IP

Trademark

Trademark Registration

Trademark Search

Respond to TM Objection

Well Known Trademark

Trademark Watch

Trademark Renewal

Trademark Assignment

USA Trademark

International Trademark

Trademark Class Finder

Copyright

Copyright Registration

Copyright Music

Patent

Indian Patent Search

Provisional Patent Application

Patent Registration

Infringement

Copyright Infringement

Patent Infringement

Trademark Infringement

Design Registration

Logo Design

Design Registration

Documentation

Business Contracts

Non Disclosure Agreement NDA

Service Level Agreement

Franchise Agreement

Master Service Agreement

Shareholders Agreement

Joint Venture Agreement

Founders Agreement

Vendor Agreement

Consultancy Agreement

Memorandum of Understanding

Succession Certificate

Scope of Work Agreement

Share Purchase Agreement

Relinquishment Deed

Legal Heir Certificate

Trade License

Noncompete Agreement

Finance Agreement

GDPR

Personal & Family

Will Registration

Probate of Will

Power of Attorney

Real Estate

Rental Agreement

Sale Deed

Gift Deed

Rental Tenant Notice

Notices

Legal Notice

Legal Notice for Money Recovery

Legal Notice for recovery of dues

Cheque Bounce Notice

Legal Notice Under Consumer Protection Act

HR Policies

Employment Agreement

ESOP

Payroll Maintenance

Others

Fundraising

Fundraising

Pitch Deck

Business loan

DPR Service

NGO Registration

NGO

Section 8 Company

Trust Registration

Society Registration

NGO Compliance

NGO Compliance

Section 8 Compliance

CSR-1 Filing

Sec.80G & Sec.12A

Darpan Registration

FCRA Registration

Property

Property Title Verification

Property Registration

Rera Complaint

Licenses & Registrations

Gun License

Name Change & Other Conditiions

Name Change

Religion Change

Gender Change

File an e-FIR

Online Police Complaint

Marriage

Marriage Registration

Court Marriage

Mutual Divorce

Divorce Alimony

Restitution of Conjugal Rights

Immigration

Corporate immigration

Family immigration

College immigration

File a Consumer Complaint

Online Consumer Complaint

E-Commerce Consumer Complaint

Insurance Consumer Complaint

Lawyer Services

Labour Law Advisor

Criminal Lawyer

Labour Lawyer

Consumer Court Lawyer

Divorce Lawyer

Banking Lawyer

Immigration Lawyer

Family Lawyer

Litigation Lawyer

Intellectual Property Lawyer

Trademark Lawyer

Reply to ITR Notice

Expert Services

Technology, Media and, Telecom (TMT)

Risk Management and Regulatory Risk

Login

More

Events

Products

News

Blog

About Us

Contact

Media

Careers

Refer and Earn

Partner With Us

Talk to a Expert

attention

Attention: File GSTR 9/9C by 31 Dec — Avoid Penalties Now! Talk to our expert

FAQ's on Relinquishment Deed

No. A relinquishment deed does not sell property. It transfers ownership of a share in a co-owned or inherited property to another co-owner or heir. It essentially allows you to give up your claim on the property. While this may simplify the sale process for the remaining owners, it does not constitute the actual sale itself.
The main purpose is to transfer ownership of a share in a property. This can be useful in various situations, such as:

  • Simplifying co-ownership: One co-owner can relinquish their share to another, consolidating ownership.
  • Inheritance settlement: Heirs can relinquish their share to simplify inheritance distribution.
  • Gift of property: A co-owner can relinquish their share as a gift to another.
    • This is the specific process of using a relinquishment deed to give up your claim on inherited property to another heir. This can be done for various reasons, such as financial difficulties, lack of interest in the property, or to achieve a desired inheritance distribution.
  • Simplifies ownership: It clarifies ownership and avoids future disputes.
  • Faster property transactions: It can expedite the sale or transfer of property.
  • Tax advantages: In certain situations, it can offer tax benefits
  • Gifting flexibility: It allows for gifting property without a formal sale.
    • Generally, no. A relinquishment deed is typically a voluntary act without any financial exchange. However, there can be exceptions in specific situations, like relinquishing a share in exchange for a different property or taking care of the relinquisher's expenses. It's crucial to consult a legal professional to ensure the deed complies with applicable laws and regulations.
    Yes, relinquishment deeds attract stamp duty in India. The stamp duty rate varies from state to state, but it is typically between 1% and 6% of the market value of the property.
    The relinquishment deed must be signed by the following people:
  • The releasor, who is the person who is giving up their rights to the property.
  • The releasee, who is the person who is receiving the property.
    In some cases, two witnesses may also be required to sign the deed.
    • If you need to cancel a relinquishment deed, you will need to approach the sub-registrar's office where the deed was registered. You will need to submit a cancellation application and pay the applicable fees.
    According to the bank, a mortgaged property cannot be abandoned; instead, the property must first be released with the consent of the appropriate authority before being remortgaged with a new owner. Nevertheless, this would result in significant additional costs for us in the form of stamp duty.
    According to Section 17 of the Registration Act of 1908, any instrument that transfers or extinguishes any right, title, or interest in real property must be registered in order to be legitimate, hence an unregistered relinquishment deed is not acceptable.

    Trusted by 400,000 clients and counting, including …

    startup
    springboard
    oyo
    chakra
    dbs
    uber
    ficci
    ap-gov

    footer-service

    Start a Business

    Trademark & Copyright

    Govt & Tax Registration

    Legal Documentation

    TOOLS

    facebook-logotwitter-x-logoyoutube-logolinkedin-logoinstagram-logo