You can register the “Release Deed” to transfer 50% of your share to your wife so your wife becomes 100% shareholder of a property.

Release Deed registration procedure is same for local residents and overseas residents. Both Releasor & Releasee (you and your wife) must present in sub-registrar office to register release deed or can give power of Attorney to register on your behalf.

In a separate blog, we wrote the detailed procedure to give Power of attorney, here is the link to the blog https://www.pgnpropertymanagement.in/how-can-i-execute-a-power-of-attorney-deed-in-united-kingdom-for-using-it-in-india/

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Below is the detailed procedure to register the Release Deed, we gave the below procedure with real example

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

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

Documents Require for Release Deed Registration:

• Registered sale deed (of husband & wife purchased from builder)
• Current financial Tax paid receipt
• Khata certificate
• Aadhar of Releasor & Releasee (This is not applicable for NRI)
• PAN of Releasor & Releasee

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

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Government charges: 

Below are the government charges for Release deed registration in  Karnataka

• Stamp Duty: Rs. 5000
• Registration fee Rs. 1000
• Scanning Fee Rs, 520 (approx)
• Affidavit: Rs. 60

Below is the payment receipt (K2 Challan)

We carried the below documents to Sarjapur Sub-registrar office to register the Release deed

• Registered sale deed (of husband & wife purchased from builder)
• Current financial Tax paid receipt
• Khata certificate
• Aadhar of Releasor & Releasee (Not applicable for NRI)
• 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 are images of Registered Release Deed,

This completes the procedure to release your share to co-owner.

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In Bangalore, we provide end-to-end assistance to register Release Deed. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to + 9 1 – 9 7 4 2 4 7 9 0 2 0.

Thank you for reading…