LEGAL DOCUMENT

Querist : Anonymous (Querist) 01 February 2010 This query is : Resolved
Reliquishing of immovable property inherited by legal heir to co-owner through a registered DEED OF RELEASE/RELIQUISHMENT. Q 1. Is it legal. 2. Does it transfer right ,title and interest. 3. Is it in any way legally less binding then a SALE OR GIFT DEED. 4. Is the law same for the country or different for different states in this particular matter. Thanks

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bhupender sharma (Expert) 01 February 2010
it did not confer any right after the R.R.D. & the same is absolute.

Adinath@Avinash Patil (Expert) 01 February 2010
YES IT DID NOT CONFER ANY RIGHT AS REPLIED SHARMA.

Querist : Anonymous (Querist) 02 February 2010
your replys are not clear please give a simpler and detail reply .I cant get you. Thanks

Parveen Kr. Aggarwal (Expert) 03 February 2010
1. It is legal.

2. Yes. It does transfer right, title and interest.

3. It is legally not in any way less binding than a sale or a gift deed.

4. The law is same throughout the country in this particular matter. But the amount of stamp duty chargeable to such instrument is different in different states as the states have substituted their own schedules. (Article 55 of the Schedule appended to the Indian Stamp Act, 1899-Central Act)

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