Relinquishment
Deed in India
Introduction
When a person dies, their property is inherited by their
legal heirs. But sometimes, one heir may not want to keep their share and
instead wishes to give it to another family member. In such cases, a Relinquishment
Deed is used.
In this blog, we explain the meaning, process, stamp
duty, and legal importance of a relinquishment deed in India.
✅ What is a Relinquishment Deed?
A Relinquishment Deed is a legal document where one
legal heir gives up their share in inherited property in favor of
another heir.
Example: If two brothers inherit their father’s house and one brother gives up his share in favor of the other, a relinquishment deed is executed.
Key Features of a
Relinquishment Deed
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Process of
Executing a Relinquishment Deed in India
Step 1: Drafting the Deed
Include:
Step 2: Stamp Duty Payment
Pay applicable stamp duty, which varies by state.
Step 3: Registration at Sub-Registrar Office
Submit documents:
Step 4: Legal Effect
Once registered, the relinquishing heir loses all legal
rights in the property.
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Legal Importance of a Relinquishment Deed
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Stamp Duty on
Relinquishment Deed
FAQs on Relinquishment Deed in India
Q1. Is a relinquishment deed valid without registration?
No, registration is mandatory for legal validity.
Q2. Can a relinquishment deed be revoked?
No, once registered, it is irrevocable.
Q3. Can it be executed in favor of an outsider?
No, it applies only among co-heirs. For outsiders, a gift deed or sale
deed is required.
Q4. Difference between relinquishment deed and release
deed?
Conclusion
A Relinquishment Deed in India is an essential legal
tool to ensure smooth transfer of inherited property among family members. By
properly drafting and registering the deed, heirs can avoid future disputes and
establish clear ownership rights.