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Release Deed

I’m going to divorce and the house is in both our names. My husband is giving the house to me. How do i transfer the property to my name only? is release Deed

You and your husband jointly own a property called Joint Property. Now, your husband wants to eliminate from the joint property and release his share to you, so you become 100% shareowner of the property.

To acquire 100% ownership, you and your husband must register a RELEASE DEED.

In a Release Deed, your husband is a Releasor, and you are a Releasee. To register a Release Deed, we need the following:

  • Registered Deed (that you and your husband jointly acquired the property)
  • Property tax receipt
  • eKhata
  • Husband and wife’s Aadhaar
  • Release Deed draft printed and signed (to be registered)
  • Two witnesses and their Aadhar

The Stamp Duty for release deed registration is Rs. 5000 and the registration fee is Rs. 1000. The total cost including cess and scanning fee totals around Rs. 7000/-

Register the Release Deed in a sub-registrar office. You, your husband, and two witnesses’ presence are mandatory in sub-registrar office for registration. The registered Release Deed looks like the below image

To remove your husband from the joint loan account, follow the below steps:

Novation: Contact your bank and request for novation. Novation is a declaration that transfers the home loan from joint applicants to single applicant. Your bank will provide the novation format

Proof of removal: Provide proof to bank why you want to remove your husband from joint loan account, proof such as divorce agreement

Proof of Income: Provide income proof to bank like salary slip or bank statement because you should prove your ability to repay the loan without co-borrower financial contribution or you can onboard another co-borrower to support your financial capability

Submit the following documents to the bank

  • Novation
  • Original Release Deed (that your husband released his share to you)
  • Copy of Divorce Agreement
  • Income proof

The bank will remove your husband from loan account

It’s important to remove your husband from joint loan account because after few years, once you repay the home loan, the bank will issue Discharge Deed in the name of loan applicants. In your case, the loan applicants are you and your husband. The loan applicant must register the Discharge Deed in registrar office to claim ownership from bank. Since you are separating from your husband, you should remove your husband from joint loan account so the bank will issue a Discharge Deed only in your name at the time of closing home loan. (if you didn’t remove your husband from the joint loan account, the bank would include your husband’s name in discharge deed and he must present for lien removal in sub-registrar office)

Thank you for reading…

For consultation, please write to us pgnproperties@gmail.com or WhatsApp to +91-97424-79020

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How do I transfer from joint ownership property to single ownership?

Through RELEASE DEED, we can acquire co-owner’s share and become single owner of the property

Let me give an example:

In January 2015, wife and husband jointly purchased a flat in Bangalore from a builder. Refer to below sale deed:

1st page consists of seller details

2nd page consists of buyers details (joint purchase of wife and husband).

In Encumbrance Certificate, Wife’s and husband’s names shown as owners of the property, Refer to arrow mark in below EC

In Jan 2024, Husband wants to release his share in property to his wife and make his wife single owner of the property. We decided to transfer husband’s share to wife through RELEASE DEED.

We followed below steps to register Release Deed:

Step 1: Drafted the Release Deed in word document

Step 2: Submitted the RELEASE DEED application online (Kaveri Online Services in Karnataka)

Step 3: Paid the government fee. The government fee is Rs. 6350/- (including Stamp Duty, Registration and scanning fees).

Step 4: Booked an appointment for registration

Step 5: Registered the Release deed in Sub-registrar office. Refer to below Release Deed that husband is the Releasor and Wife is the Releasee

In Encumbrance certificate, Only wife’s name shows as owner of the property. Refer to arrow mark in below image

It means that we successfully transferred Joint ownership to single owner that wife becomes absolute single owner of the property.

We provide assistance to transfer joint ownership to single owner. Please write to us pgnproperties@gmail.com or whastapp to +91-9742479020

Thank you for reading…

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

Release Deed or Relinquishment Deed is a legal document through which a person surrenders ownership of a property in favor of another person who is a co-owner of a property.

We cannot send release or Relinquishment deed from abroad because a deed must register in sub-registrar office in India. As an alternative, we can grant a power of attorney to co-owner to register deed on your behalf in India.

Let me give a real context for your better understanding:

Mrs.Padmavathi acquired 60-year-old ancestral property from her mother. The property measures 525 square feet of land and building on the land measures 350 square feet. The property is located in Basavanagudi, Bangalore

Since its an ancestral property, she doesn’t have registered deed but she has been paying property tax regularly, below is the latest tax-paid receipt

On 7th January 2022, Mrs. Padmavathi demised naturally from an alignment associated with aging. late Mrs. Padmavathi hava a daughter Mrs.Suma who is settled in USA and a Son Mr.Harish living in Bangalore

As per the Hindu Succession Act 1956, siblings Mrs.Suma and Mr.Harish acquired the property through a legitimate Khata transfer. The khata application was filed through Sakala Online Services, refer to the below khata image

Out of love and affection, Mrs.Suma wants to surrender her 50% of share in property to her brother Mr.Harish.

Mrs. Suma settled in USA and due to work commitments, she could not able to travel to India to register Release deed in sub-registrar office so she gave GPA to her brother Mr.Harish to register Release deed on her behalf.

Mrs.Suma followed the below steps to execute a GPA in USA:

Step 1: Drafted the GPA in word file

Step 2: Printed the GPA on A4 sheet paper

Step 3: Mrs.Suma signed the GPA in-front of notary public in USA

Notary public sealed and signed the GPA

Step 4: Mrs.Suma sent the GPA to her brother Mr. Harish in India via DHL Express

Step 5: Mr. Harish received in GPA in 5 days

Step 6: Mr.Harish Adjudicated the GPA in Basavanagudi District Registrar’s office.

GPA adjudication fee is Rs. 300 (Edit on 12th Nov 2024: the updated fee is Rs. 500). Below payment receipt for your reference

Below is the image of adjudicated GPA

Mr.Harish followed below steps to register the release deed in Basavanagudi sub-registrar office in Bangalore.

Step 1: Drafted the Release deed in Word file

Step 2: Submitted an application on Kaveri Online Services. Our application is approved within 2 working days. We made the government fee payment and booked our registration slot

The following documents required to submit an application on Kaveri Online Servies

  • eKhata
  • Property tax receipt
  • Release Deed draft
  • General Power of Attorney
  • Government fee payment transaction receipt
  • Harish’s Aadhaar
  • Suma’s PAN
  • Two witnesses Aadhaar

Following are the Government fee

  • Stamp Duty: Rs..5000
  • Registration Fee: Rs.1000
  • Scanning: Rs. 35 per page

Step 3: Print the Release Deed draft on document paper. Releasor (GPA holder) and Releasee signs all pages. Two witness signs at last page

Step 4: As per our registration slot, Mr.Harish carried following documents to Basavanagudi sub-registrar office for Release deed registration

  • Application summary report
  • Release deed (to be registered)
  • General Power of Attorney (Shared the image above)
  • Government fee payment transaction receipt
  • Harish’s Aadhaar
  • Suma’s PAN
  • Two Witnesses and their Aadhaar

Step 5: In the sub-registrar, the present submitted the above listed documents in registration counter

  • Harish gave the thumb impression and photo as GPA holder for Releasor
  • Again, Mr. Harish gave thumb impression and photo as Releasee
  • Two witnesses gave thumb impression and photo

Below is the image of registered Release Deed:

This completes the procedure to register Release or Relinquishment deed from abroad

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We provide assistance for Khata transfer + Power of Attorney + Deed registration. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to + 9 1 – 97424 79020.

Thank you for reading…

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My wife and I own a property in Bangalore and we live in UK. How can I gift my 50% share to my wife?

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, 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
  • eKhata
  • 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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Submit an application on Kaveri Online Services, here is the weblink https://kaveri.karnataka.gov.in/landing-page , Usually application approves within 2-3 working days. Pay the government fee and book the registration slot.

The following documents required to submit an application

  • Registered sale deed (of husband & wife purchased from builder)
  • Release Deed draft
  • Current financial Tax paid receipt
  • eKhata
  • Aadhar of Releasor & Releasee (Not applicable for NRI)
  • PAN of Releasor & Releasee
  • Two witnesses Aadhaar

Government charges:  for Release deed registration in  Karnataka

  • Stamp Duty: Rs. 5000
  • Registration fee Rs. 1000
  • Scanning Fee Rs, 35 per page

Print the Release Deed draft on document. Both release and Relasee sign all pages of Release Deed. Two witnesses signs at last page of Release Deed. As per the registration slot,  carried the following documents to Sub-registrar office

  • Application summary report
  • Release Deed (to be registered)
  • Aadhar of Releasor & Releasee (Not applicable for NRI)
  • PAN of Releasor & Releasee
  • Government charge transaction receipt

Submit the above-listed documents at the registration counter.  The registering officer asks the Releasor, Releasee and two witnesses to sit at the registration counter. The officer takes the photo, thumb impression and OTP authentication

Below are images of ourRegistered Release Deed,

   

 

Do the khata transfer to wife’s name and update the name in property tax record and utility bills

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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 – 97424 79020.

Thank you for reading…

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Release Deed

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

An individual can also give up his/her right in a property through Release Deed. 

Let me set the context with a real example for better understanding

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 the 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
  • eKhata certificate
  • Aadhar of Releasor & Releasee

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

Submit an application online on Kaveri Online and service. Pay the government fee and book the slot for registration in sub-registrar office. Following are the government fee

  • Stamp Duty: Rs. 5000
  • Registration fee Rs. 1000
  • Scanning Fee Rs, 35 per page

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

  • Application summary report
  • Aadhar of Releasor & Releasee
  • Two witness and their Aadhaar
  • Printed Release Deed on Document paper (to be registered)
  • Government fee transaction receipt

The sub-registrar officer verified our summary report and asisted the registration

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

In Bangalore, we assist in registering Release Deed. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to + 9 1 – 97424 79020.

Thank you for reading…