Legal Question in Real Estate Law in India

What is a release deed? Can a brother in law give his sister in law after the death of his wife a share in his property by a release deed? Does one have to pay any stamp duty on the same or is it free of cost as there is no consideration just like a gift. Whats the difference in a gift deed and a release deed?


Asked on 9/19/10, 12:51 am

1 Answer from Attorneys
Vishwa Arya Arya & Co.

A is a living person. A may gift during his life time by gift deed to any one, his own property and will require stamp duty on the market value of the property but there is no consideration between the donor and donee being gift. X dies leaving a certain property in which B and C have right. B may release his share in X property after the death of X to C on fixed stamp duty of 100/- (irrespective of the market value) by Release Deed or Relinquishment Deed.

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Answered on 9/19/10, 2:20 am


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