LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Audry Fernandes (nil)     22 June 2011

Agreement for relinquishment of rights

Is mandatory for an Agreement for relinquishment of Rights to be registered.

I am party to a transaction we are trying to negotiate, where some ancestral property was sold off by a few heirs and the property transferred to the buyer. He has registered this agreement and paid stamp duty. Many heirs were left out of this deal.

2. To safeguard his title he is making us(balance heirs) sign a deed of ratification of the earlier agreement wherein we relinquish our rights  against some compensation.

Does this document have to be registered? We want to claim caiptal gains tax on the compensation.



 1 Replies

Ajay Gautam (Advocate)     22 June 2011

Yup, any documents which conveys title and interest in immovable property must be regsitered as per Registration Act, 1882.

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register