Relinquishment deed vs Gift deed

Querist : Anonymous (Querist) 11 June 2011 This query is : Resolved
I am a co-owner with my Grand father (GF) of our residence. After my GF’s demise, my father is owning my GF’s share. Now my Father wants to give his share to me.
My father has decided to make relinquishment deed in my favor.

But I am told that sub registrar might ask to go for gift deed inplace of relinquishment deed.

Which is the correct way ? When relinquishment deed & gift deed are made?

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Devajyoti Barman (Expert) 11 June 2011
The sub registrar can not refrain you the document your wish wish to execute if it is valid.

Your father can either execute a deed of relinquishment and get it registered or a deed of gift. Any of the two as mentioned above are valid and legally enforceable.

PALNITKAR V.V. (Expert) 11 June 2011
In some states, gift in favour of near relative invites lesser stamp duty. Check whether that is the reason for the registrar to advise you to execute gift deed.

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