Release deed
Querist :
Anonymous
(Querist) 28 March 2026
This query is : Resolved
Me and mother are first owners of a 2bhk flat in HM Royal, Kondhwa, Pune on 8th floor, building is 10 yrs old but that particular tower was constructed in 2025. Flat built up area is 57.96 sq m. Apart from mother, I have brother and brother in my family. Flat is self acquired with financial contribution from me and my parents. Now mother needs to transfer her share to me, so I become full owner of the flat,
1. Which deed is correct in this case - gift or release deed so that there is no objection in future from any legal heir and also from cost and taxation point of view
2. What is the approximate cost for gift or release deed
3. Wat clauses are important here
4. Is brothers consent necessary
T. Kalaiselvan, Advocate
(Expert) 28 March 2026
In order to enable you to become an absolute owner of the entire property, the other shareholder should execute a registered gift or settlement deed deed in your favour.
You can enquire about the stamp duty locally.
kavksatyanarayana
(Expert) 28 March 2026
You and your mother are the owners of a flat. But in the other sentences, you stated that you and your parents contributed to the fund. As your parent/parents contributed the funds, they also have a half share in the property, and hence all the legal heirs of your parent/parents have an equal share in their half share of the property. The stamp duty is a state subject that you consult in the local Sub-Registrar's office.
Dr. J C Vashista
(Expert) 29 March 2026
The flat is stated to have been acquired utilizing family funds in the name of your mother and yourself, accordingly your brother has also a share in the property.
However, if your mother is willing to transfer her share in your favour she may get a gift deed executed and registered in your favour.
Stamp duty is a State subject which differs from a state to another, it would be better to seek advise of local lawyer/ sub-Registrar / document writer.
