I and and my mother hold a property (Industrial gala), which I bought with my money when I was abroad. My name comes first and my mothers name comes second in all the documents. I had given a power of attorney to my father, he executed the agreement on my behalf when I was abroad, for some reason he also included my mothers name in the sale deed. Now, my mother wants her name to removed from the property since I have come back for good and she wants to relinquish her rights from the property so that in the future I should not have any problem. I have the following questions regarding how to go about getting this thing done?
1) Does she need to make a Gift deed or Release Deed? If it either of the two, can you provide me with the template for the same.
2) Does this deed needs to be registered and any stamp duty needs to be paid for the same? If stamp duty has to be paid, then what is the % that needs to be paid. What documents are needed for registration?
3) Is there any other alternative cheaper way of getting this done by way of Will etc.
I appreciate your help in this matter.