A Release Deed is a legal document used when one co-owner of a property wishes to release or relinquish their share in favor of another co-owner. This is common among family members, as it simplifies ownership and avoids disputes in the future.
Let’s go through the process step by step with a real-life example:
A husband and wife jointly own a 2BHK flat in Bangalore, with each holding a 50% share. The husband wishes to release his 50% share in favor of his wife, making her the sole owner of the property. In this case, a Release Deed is executed and registered.
FOUR SIMPLE STEPS TO REGISTER A RELEASE DEED IN BANGALORE
1. Collect Required Documents
The following documents are necessary for registering a Release Deed:
- Registered Sale Deed (jointly purchased by husband & wife)
- Latest Property Tax Paid Receipt
- e-Khata extract
- Aadhaar card of both Releasor and Releasee (husband and wife)
2. Draft the Release Deed
Prepare the Release Deed draft in a Word document. The draft should clearly mention the property details, relationship between the parties, and the share being released.
3. Application Submission & Government Fees
Upload the documents and submit the application for approval on Kaveri Online Services.
Required documents for submission:
- Registered Sale Deed
- Latest Tax Paid Receipt
- e-Khata
- Aadhaar of both parties
- Draft Release Deed (signed by Releasor, Releasee, and two witnesses)
Once the application is approved, proceed with payment of government charges:
- Stamp Duty: Rs.5,000
- Registration Fee: Rs.1,000
- Scanning Fee: Rs.50 per page
After payment, book an appointment slot for registration at the sub-registrar’s office.
4. Registration at the Sub-Registrar’s Office
On the day of registration, carry the following:
- Application Summary Report
- e-Khata
- Aadhaar of Releasor, Releasee, and two witnesses
- Final Release Deed (to be registered)
At the sub-registrar office:
- The registering officer will capture photographs through a webcam
- Thumb impressions of all parties will be taken
- OTP authentication will be completed
Once the process is complete, you will receive the Registered Release Deed.
NEED ASSISTANCE WITH RELEASE DEED REGISTRATION?
We provide end-to-end assistance for drafting and registering a Release Deed in Bangalore.
- Email: pgnproperties@gmail.com
- WhatsApp: +91-9742479020
FREQUENTLY ASKED QUESTIONS (FAQS) ON RELEASE DEED IN BANGALORE
- What is the purpose of a Release Deed?
A Release Deed is executed when one co-owner of a property wishes to relinquish their share in favor of another co-owner. It ensures clear ownership rights and helps avoid future disputes. - Can a Release Deed be executed only among family members?
A Release Deed is typically executed among family members who are co-owners, such as spouses, parents, children, or siblings. Family transfers often attract a stamp duty concession in Karnataka. If the co-owner is a non-family member, the deed can still be executed, but regular stamp duty rates will apply instead of concessional rates.
- Is consideration (payment) required for a Release Deed?
No, a Release Deed among family members is usually executed without any monetary consideration. If any consideration is mentioned in the deed, it will attract regular stamp duty, similar to non-family transfers.
- What are the government charges for registering a Release Deed in Bangalore?
- Stamp Duty: Rs.5,000
- Registration Fee: Rs.1,000
- Scanning Fee: Rs.50 per page
Family transfers typically qualify for concessional stamp duty, while non-family transfers pay the regular rates.
- Can a Release Deed be executed if the property has an existing loan or mortgage?
Yes, but you must obtain a No Objection Certificate (NOC) from the lending bank or financial institution before executing the Release Deed. - Can a registered Release Deed be cancelled?
A registered Release Deed cannot be cancelled unilaterally. It can only be revoked by executing a Cancellation Deed with mutual consent of both parties - How long does it take to register a Release Deed in Bangalore?
If all documents are in order, the process usually takes 1–2 working days, including approval on Kaveri Online Services and registration at the sub-registrar’s office. - Is legal assistance necessary for a Release Deed?
While not mandatory, professional assistance ensures the deed is drafted correctly, government charges are calculated accurately, and registration is completed without delays.