Release Deed

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 19

How to do Release Deed among family members in Karnataka?

Answer Notify Me -
Share 3

PGN Property Management, Real Estate & Documentation Consultant with 21+ years of experience
Answered on October 04,2022

Four simplified steps to do release deed in Karnataka among family members:

1. Documents
2. Draft
3. Government charges (Stamp Duty & Registration fee)
4. Registration

Let me explain this answer with a real example:

Husband and wife jointly own a 2BHK flat in Bangalore. It means that husband owns 50% share and wife owns 50% share of the property.

Now husband wants to release 50% of his share to his wife so we executed below Release Deed.

1. DOCUMENTS: 
DOCUMENTS: Require for Release Deed Registration:

Registered sale deed (of husband & wife purchased jointly)


Current financial Tax paid receipt
Khata certificate
Aadhar of Releasor & Releasee
PAN of Releasor & Releasee

-------------

2. DRAFT:
DRAFT: Prepared the Release Deed Draft in word file. The draft looks like below images
RELEASEDEED

ThisdeedofReleaseismadeonthis.......dayofJuneTwoThousand
TwentyTwo(….../06/2022),byandbetween:
MR.HARSHA,
Agedabout__Years,
S/o.Mr..
Residingat:PlotNo. _,1stFloor,' Apartment,
7thMain,9thCross,VijayaBankLayout,
Bilekahalli,Bangalore-560075.
AADHARNO:

Hereinafterreferredtoasthe'RELEASOR'ofthefirstPart,

MRS.NAVYA,
Agedabout_years,
W/o.Mr.
Residingat:PlotNo. _,1stFloor,' Apartment',
7thMain,9thCross,VijayaBankLayout,
Bilekahalli,Bangalore-560075.
AADHARNO:......

Hereinaftertogetherreferredtoasthe'RELEASEE'oftheSecondpart:

WhereasMR.HARSHA,andMRS.NAVYA,bothhavejointlypurchased
Apartment/FlatbearingNo.. ,2ndFloor,Measuring978Sq.ft.,ofSuper
builtuparea,constructedoverthescheduleAProperty,balconieswithone
CoveredCarParkingSpaceinthestiltfloor,intheapartmentbuilding
knownas« Apartment"withRCCRoofing,vitrifiedflooring,hone
andflushdoorsandaluminumslidingwindows,togetherwithabovesaid
201Sq.ftofUndividedsharewithallrighttitleandinterestandownership
overlandofScheduleAProperty,

ConstructedonSiteNo.. -KathaSLNo. _,PropertyNo.


AssessmentNo. _.HouseNo._,inthelayout,SreeAnanthnagarPhase
-II.FormedoutofConvertedLandinSyNo. _.videorderbearing
No.B.DIS.ALN.SR(A)__/1992-93,dated:08.10.1992,passedbytheDeputy
CommissionerBangaloreDistrict,SituatedatKAMMASANDRAVILLAGE,
AttibeleHobli,AnekalTaluk,BangaloreUrbanDistrict,MeasuringEastto
West80FeetandNorthtoSouth50Feet,inalMeasuring4,000SquareFeet.
WhereasMR.HARSHA,andMRS.NAVYAbothhavingacquiredthe
ScheduleB'&C'PropertythroughtheregisteredSaleDeedbearing
DocumentNo.ABL-1-. _/2016-17,ofBook-1,StoredinCDNo.ABLD-
_dated:3/10/2016,registeredintheofficeoftheSubRegistrar,
Basavanagudi(Attibele),Bangalore.

WhereasthesaidMR.HARSHisreleasinghis50%rightsfromthe
Schedule'B'&'C'PropertytohisWifeMRS.NAVYA,andhandedoverthe
possessionoftheSchedule'B'&'C'PropertytotheReleaseMRS.NAVYA.
AndafterthisreleasedeedtheReleaseMRS.NAVYA,becomethe100%
owneroftheSchedule'B'&'C'Property.

WhereastheReleasorfurtherclarifiesthathehasnotalienatedthe
Schedule'B'&'C'Propertyinanymannertoanybodywhatsoeverandthat
theSchedule'B'&'C'PropertyhasbeenwhollyhandedbacktotheReleasee
withoutanyencumbranceswhatsoever.

Whereas,theReleasorfurtherundertakestomakegoodofanyloss,damage
thatmaybecausedtotheReleaseonaccountofanynegligenceor
suppressionofvitalinformationcommittedbytheReleasor.
-3.

THISDEEDNOWWITNESSETHTHAT,theReleasorherebyreleasesunto
theReleaseeallrights,titles,andobligationsinrespecttotheScheduleB'&
'C'Property.TheReleasorfurtherstatesthathehasnoclaim,interestor
titleupontheSchedule'B'&'C'Property.
TheReleaseherebyreleasestheReleasorfromallrights,titlesand
obligationsinrespectoftheSchedule'B'&'C'Propertyandhenceforththe
ReleaseeshallbethesoleandabsoluteowneroftheScheduleB'&C'
Property.

SCHEDULE'A'PROPERTY

AllthatpieceandparceloftheimmovablePropertybearingSiteNo.. ,As
PerFormNo._KathaSLNo.,.,PropertyNo. _.HouseNo.. in
thelayout,SreeAnanthnagarPhase-II,FormedoutofConvertedLandinSy
No. videorderbearingNo.B.DIS.ALN.SR(A)__/1992-93,dated:
08.10.1992,passedbytheDeputyCommissionerBangaloreDistrict,
SituatedatKAMMASANDRAVILLAGE,AttibeleHobli,AnekalTaluk,
BangaloreUrbanDistrict,MeasuringEasttoWest80FeetandNorthto
South50Feet,inalMeasuring4,000SquareFeet.andboundedonthe;

Eastby SiteNo.1098:
Westby Road:
Northby SiteNo.1092;
Southby SiteNo.1090;

SCHEDULE"B'

201Sq.feetundividedright,titleandinterestintheimmovableproperty
mentionedinSchedule"A"above.

-4-
SCHEDULE"C"

Apartment/FlatbearingNo.. „2ndFloor,Measuring978Sq.ft.,ofSuper
builtuparea,constructedoverthescheduleAProperty,balconieswithone
CoveredCarParkingSpaceinthestiltfloor,intheapartmentbuilding
knownas"APARTMENTNAME"withRCCRoofing,vitrifiedflooring,hone
andflushdoorsandaluminumslidingwindows,togetherwithabovesaid
201Sq.ftofUndividedsharewithallrighttitleandinterestandownership
overlandofScheduleAProperty,.Andboundedasfollows:-

Eastby :OpentoSky;
Westby CorridorandFlatNo..
Northby FlatNo.
Southby :OpentoSky;

Thereisnomonetarytransactioninthesaidreleasedeed.

InwitnesswhereofthesaidReleaseandtheReleasorhavehereto
subscribedtheirrespectivesignaturestothisdeedonthedatemonth,year
hereinabovementioned.

WITNESSES:

1)
RELEASOR
(HARSHA)

21 RELEASEE
(NAVYAI

3/4 BHK Flats at Whitefield


Most popular luxury Project in Learn More
Whitefield with World class Amenities &
Breath taking view Folium By Sumadhura
 

-----------------

3. GOVERNMENT CHARGES:
CHARGES: Below are the government charges for Release deed registration (subject to Karnataka)

Stamp Duty: Rs. 5000


Registration fee Rs. 1000
Scanning Fee Rs, 520 (approx)
Affidavit: Rs. 60
We paid the government charges on K2 website through UPI and generate the K2 challan. Below challan image for your reference.

SearchChallan

se, ああえず?や
ChallanValidity District DepartmentName DDOOffice

SUBREGISTRAR
DEPARTMENTOFSTAMPSAND OFFICE,
7Days BENGALURUURBAN
REGISTRATION SARJAPURA,
BANGALORE
0008 g84800
Category Date ChallanReferenceNumber DDOCode
Goverment 07/07/2022 CRON 116080

INAVYA
Remitterrame

PlotNo. _..1st
Floor, ,7th
aaureed Main,ethCross,
Emailid Address
VijayaBankLayout,
Bilekahalli,
Bangalore-560075
0003.3
0003.18 08,Dear8 876 203.
Purpose
PurposeSpecificSubPurposeName
rosdofaccount Amount

Id
RELEASE(ARTICLE
DUTY(STAMPDUTY) 0030-02-103-0-01-000 NA 5000.00
NO.45]
FEESFORSUPPLY cumon
OFREGISTERED 0030-03-800-0-02-000 SCANNINGFEES 520.00
DOCUMENTS
FEESFOR
FEES 0030-03-104-0-01--000 NA REGISTERING 1000.00
DOCUMENTS
AFFIDAVIT
DUTY(STAMPDUTY) 0030-02-103-0-01~000 NA 60.00
[ARTICLENO.4]

ICICIePay ∞0з 6580.00


2500886 GrandTotal
Remittancosank

20830,20.03,
Pavmentreceivedat egorie, SixThousandFiveHundredEightyonly
PaymentStatus Davmentdatewav TotalAmountin
Words
a083~d8reIPaymentDetails
00 Netbanking
PaymentMode

"YourTransactionhasbeenprocessed.PleasenotetheTransactionnumberforfuture
reference.TransactionNo.1839911799
re,ables88280,00
AdditionalServicechargesareapplicableforallpavmentsmadethroughCCIDCandthe
samewouldbedebiteddirectvovthebank.

hitos:/12./karnataka.govin/wos/portal/Khajane-Il/Scope/Remittance/SearchChallan/lutio/z1/1Z.DJDolwElatP°FAZiORSCCKESiksiphLUJmUUNsbHdX30..

--------------------

4. REGISTRATION: 
REGISTRATION: We carried the below documents to  Sub-registrar office to register the Release deed

Registered sale deed (of husband & wife purchased jointly)


Current financial Tax paid receipt
Khata certificate
Aadhar of Releasor & Releasee
PAN of Releasor & Releasee
Printed Release Deed on Document paper
Government charge receipt (K2 Challan )

The sub-registrar officer verified the above documents and approved for registration.

The registering officer asked the Releasor & Releasee to sit at the registration counter. The officer took the photo from webcam, biometric thumb
impression, OTP authentication of Releasor & Releasee.

Releasor, Releasee and two witnesses signed the Release Deed. Below is the image of Registered Release Deed,
 

Note: 

For Release deed registration, following members falls under family members category

Father, Mother, brother, sister, wife, son and daughter

Aunty, uncle, cousin and in-laws don’t come under family member category for release deed registration
The government charge for family members is around Rs 6580. For non-family members, 6.6% consideration value or guidance value,
whichever is higher

-------------------

In Bangalore, we provide assistance to register Release Deed. To opt for our service, please Whatsapp to + 9 1 - 9 7 4 2 4 7 9 0 2 0.

Thank you for reading…

How would you rate the answer?

Excellent Good Neutral Poor Bad

 Chat with PGN Property Management

Clap 0 Share 3075 views


Hey , can you help?

Answer this question

Travel Bag
Free Shipping all over India
Shop Now
sanitizo.co

Related Questions

KSFE
Government of Kerala .

KSFE Pravasi Chitty adichal adacha thuka security illaaathe release cheyyan patuvo?
Prize  money യിൽ നിnും ഇനി അടയാനു, തുക deposit െചയ്ത് ബാkി വരുn തുക പിൻവലിkാവുnതാണ്.

1 0 7

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on March 31,2023

ಕಳ?@ಸಬಹು"ೕ??
!"ೕಶ%ಂದ (ಡುಗ, ಪತ/ ಅಥ2ಾ 45ಂ6789ಂ: ;ೕ< ಕಳ?@ಸಬಹು"ೕ
45ೕD ;ೕ< (45ಂ6789ಂ: ;ೕ< ಎಂದೂ ಕGಯುIಾJG) ಒಬL ವN6Jಯು ಆPJಯ Qಾ5ೕಕತ7ವನುS ಆPJಯ ಸಹ-Qಾ5ೕಕTಾUರುವ ಇXೂSಬL ವN6Jಯ ಪರ2ಾU ಒYZಸುವ [ಾನೂನು \ಾಖ^_ಾU". `ಾವa
!"ೕಶ%ಂದ ...

1 0 51
PGN Property Management
Real Estate & Documentation Consultant with 21+ years of experience . Answered on March 30,2023

Can a Release deed or Relinquishment deed be sent from abroad?


Release Deed (also known as Relinquishment Deed) is a legal document through which a person surrenders ownership of a ...

1 0 368

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on February 21,2023

I am selling my flat. My buyer has applied for a loan in SBI bank. He says I have to transfer the property in his name for the bank to
release cheque. Is it true?
Yes, it is trueBefore covid-19, bank's representative personally witnesses deed registration at sub-registrar office. Bank’s representative collects title documents ...

1 0 237

KSFE
Government of Kerala . Answered on May 04,2023

KSFE Pravasi Chitty adichal adacha thuka security illaaathe release cheyyan patuvo?
ചി:ിയിൽ േമലാൽ അടയ്േk= തവണ സംഖ@ െഡേpാസിC് െചയ്ത് ബാkിയു, തുക ജാമ@മിlാെത പിൻവലിkാവുnതാണ്.

1 0 28

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on July 21,2022

What is the Stamp Duty and Registration fee for Release Deed in Bangalore?
Below is the cost break: (for Release Deed between blood relative) Stamp Duty: 5000 Registration Fee: Rs. 1000 Scanning Rs. 520 Affidavit Rs. ...

1 0 526

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on July 21,2022

What is the stamp duty and registration fee for release deed in Karnataka?
  Below is the cost break: (for Release Deed between blood relative) Stamp Duty: 5000 Registration Fee: Rs. 1000 Scanning Rs. 520 Affidavit Rs. ...

1 0 710

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on July 14,2022

What is Release Deed? How do I register a Release Deed in Karnataka?


A Release Deed would typically be executed at a time when your home loan provider grants you a legal ...

1 0 1529
Sakala Helpline
Answered on June 23,2022

What are the steps to be followed in A kaha transfer in bbmp limits online? The katha tranfer for release deed.
Name of the Service : Transfer of KhatasWhom to approach for this service (Designated Officer)? : Assistant Revenue OfficerProcedure ...

1 0 233

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on February 10,2022

If a wife needs a family tree for LIC benefits release after her husband passes away and she has an adult daughter what will the template
of the received family tree in Karnataka be? Both wife and adult daughter (class 1 ) heir. Do they submit one family tree with the mother
only as the applicant and daughter's name below?
Either the mother or daughter can be an applicant But it is mandatory to mention both the class 1 legal ...

1 17 330

Sakala Mission
Government of Karnataka . Answered on May 05,2021

How to update Pledge and release details in RTC in Karnataka?


Name of the Department REVENUE DEPARTMENT Name of the Service Updation of Pledge and release details in RTC Whom to approach for this ...

1 0 348

Thankachan John
Rtd Motor Vehicles Inspector, Insurance Surveyor and Accident Investigator . Answered on November 30,2020

എlാ weekum mondays new set of numbers release െചyുേമാ നമുk് ബുk് െചyാനായി ? ഞാൻ ഉേdശിkുn നmർ 3000 സീരിസിൽ വരുn നmർ
ആണ് . ഇേpാൾ 2000 വെര ഉ,േത പരിവഹൻ ൈസCിൽ ലിs് െചയ് ത ിട് ഉ,ു
ഉ,ു..
Check every week.

1 0 22

Try to help us answer..

May i know if "Wife/Children of predeceased Brother" qualify as Family for Stamp duty and Registration charges for "Release deed" in
Bangalore? Some articles suggest it has been recently added. Hence seeking clarification.

Write Answer

Trending Questions

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on January 16,2021

How can I pay the Gram Panchayat property tax in Bangalore?


Gram Panchayat property tax can be paid either online or offline. Below is the step by step procedure to pay ...

1 3947 91256

Crazy Prince
Answered on August 03,2023

Can we cancel the gruha jyothi application after submission?


Yes, you can cancel, but not by yourself. You need to visit nearby BESCOM.

1 0 2394
Sakala Mission
Government of Karnataka . Answered on April 30,2022

How to get duplicate Karnataka SSLC mark card as I lost my 10th marks card issued in 2006?
Name of the Department DEPARTMENT OF PUBLIC INSTRUCTION Name of the Service Issue of Duplicate Marks Card /Provisional Marks Card-SSLC Name of the ...

2 193 31936

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on July 24,2020

How to do Khata Transfer in Bangalore ?


You can apply for Khata transfer through, Online Off-line Before we go into the application procedure, keep the following documents ready for ...

1 3212 65086

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on November 03,2020

How do I get a certified copy of a sale deed online in Karnataka?


In Karnataka, one can get the certified copy of sale deed online only if the property registered after 2004. There ...

1 1888 40531

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on February 12,2022

How to find khata number and PID number?


Find the khata number in Khata certificate. We encircled the khata number in below khata certificate. PID is a 10 ...

1 1171 26966

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on December 14,2020

How to know the value of my property in Karnataka as per Government norms?


In Karnataka, including Bangalore, one can access government’s guidance value through Kaveri Online Services. Kaveri online service is an initiate ...

1 0 22632

Sakala Mission
Government of Karnataka . Answered on May 05,2021

How to get modification of existing Ration Card (deletion / addition of a member, change of address within the same taluk) in Karnataka?
Name of the Department FOOD AND CIVIL SUPPLIES DEPARTMENT Name of the Service Modification in Existing Ration Card Name of the Sub Service Modification ...

1 193 7611
PGN Property Management
Real Estate & Documentation Consultant with 21+ years of experience . Answered on June 08,2023

How to register Discharge Deed through Kaveri Online Services?


Discharge Deed is issued by lender, discharges each parties from their mortgage obligation. Once the full and final settlement of ...

1 0 2554

PGN Property Management


Real Estate & Documentation Consultant with 21+ years of experience . Answered on October 29,2021

How to download khata transfer certificate?


Follow the below steps to download Khata certificate and Extract Step 1: Open the Sakala Online Services website. Step 2: Login ...

1 0 31274

Release Deed Property Registration Karnataka KSFE Pravasi Chitty KSFE Kerala

BBMP Khata Khata Registration Land Records Karnataka BBMP Sale Deed

Bhoomi Land Records Property Registration Karnataka Land Records Pravasi Chitty

Building plan sanction Family Tree Certificate Revenue Department Kerala RTO RTO Works
Try to help us answer..

May i know if "Wife/Children of predeceased Brother" qualify as Family for Stamp duty and Registration charges for "Release deed" in
Bangalore? Some articles suggest it has been recently added. Hence seeking clarification.
Write Answer

Top contributors this week

Gautham Krishna
Citizen Volunteer, Karnataka

Niyas Maskan
Village Officer, Kerala

Kanikaraj A Cruz

navdeep bagga

Indian Highways Management Company Limited


See more contributors

Best Practices while applying for Government services online

1. Check whether you are eligible to apply for this service.

2. Check the documents required for application before applying.

3. Keep the documents in one folder for ease of access.

4. In case of any doubts, check whether the queries are already answered. You can check the FAQ section of the department website or use
platforms like Tesz for this purpose.

5. Once you have applied, note down the application number to track the status.
6. Check the time required for the completion of the service. If the service is not completed within the due time, track the status online or
reach out to the department.

Links
About Terms of Service

Privacy Policy Contact Us

Advertise on Tesz

Our Sites
Gulf Tech Jobs Hey, How to do it ?

Disclaimer: All information available on this website is for general informational purposes only. These data have not yet been verified
against authentic documents. You are requested to use your judgement and verify the information before making any decision.

You might also like