We are joint owners of DDA flat. The flat was originally in name of our father who died long time ago without will. The allotment of flat was transferred to us ( wife + 3 children) at that time. After some years, the flat was later converted from leasehold to freehold and conveyance deed was made in favor of all 4 co-owners.
Now we, the children, want to transfer the flat solely in name of our mother without any consideration. Can we prepare Relinquishment deed for the flat? Do we have to pay stampt duty on it? Or do we have to prepare a Gift deed?