Release deed or sale deed


Dear All,

There is a residential flat owned by Mr. A and Mrs.Y - Say Property "1" in Maharashtra

There is another residential house owned by Mrs.A  and Mr. Y - Say Property "2" in Maharashtra

Both flats are adjoining

Now, Mrs. Y wants to sell her rights to Mrs. A in Property 1 and

Mrs.A wants to sell her rights to Mrs. Y in Property "2"

What would be ideal Instrument for these transactions ? would it be "sale deed" or a "Release deed" ..... to my knowledge there is no difference in the stamp duty , whether it is release deed or Sale deed.... or exchange deed .....

Your guidance will help me in deciding how to go about ....

Thanks to all for sharing their knowledge....

Kirit Dedhia

kiritca@yahoo.com

 

 

 

 

 
Reply   
 
Advocate, Chennai

It's certainly an Exchange Deed and the stamp duty has to be paid at the rate (difference value) of property 1 or property 2, whichever is higher.

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
CrPC MASTERCLASS!     |    x