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How to Transfer a Joint Ownership Property to a Single Owner

Transfer a Joint Ownership Property to a Single Owner
Transfer a Joint Ownership Property to a Single Owner

If you are looking to transfer a jointly owned property to a single owner, the most common and legally recognized method is through a Release Deed.

EXAMPLE SCENARIO:

In January 2015, a husband and wife jointly purchased an apartment in Bangalore from a builder. The Sale Deed clearly reflects this joint ownership:

The first page of the Sale Deed contains the seller’s details.

The second page shows the buyers’ details, listing both the husband and wife as co-owners.

This joint ownership is also reflected in the Encumbrance Certificate (EC), where both names are recorded as owners of the property. (Refer to the arrow mark in the EC image below.)

TRANSFER OF OWNERSHIP:

In January 2024, the husband decided to relinquish his share in the property and transfer it to his wife, thereby making her the sole owner of the property. This transfer was executed through a Release Deed.

STEPS FOLLOWED TO REGISTER THE RELEASE DEED:

  • Drafting
    The Release Deed was prepared in a Word document, clearly stating the intention of the husband (Releasor) to release his share to the wife (Releasee).
  • Online Submission
    The draft Release Deed was submitted via the Kaveri Online Services portal (applicable in Karnataka).
  • Payment of Government Fee
    A government fee of Rs. 6,350 was paid, which includes Stamp Duty, Registration, and Scanning Fees.
  • Appointment Booking
    An appointment was scheduled for the registration of the deed at the respective Sub-Registrar’s Office.
  • Registration
    The Release Deed was officially registered. As per the deed, the husband is the Releasor, and the wife is the Releasee. Refer to below registered Deed

Following the registration, the Encumbrance Certificate was updated to reflect the change. Now, only the wife’s name appears as the owner of the property. (Refer to the arrow mark in the updated EC image.)

CONCLUSION:

By executing a Release Deed, the joint ownership of the property was successfully transferred to single ownership. The wife is now the absolute and sole owner of the property.

NEED ASSISTANCE?

If you require professional assistance in transferring joint ownership to a single owner, write to us

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