Respected Shiv Gupta,
By renouncing their ownership, co-owners of a shared Hindu asset might give up their claim to the aforementioned immovable property. The co-owners next write and record a relinquishment deed, which allows them to lawfully surrender their share of the property to another co-owner.
An landowner can surrender his interest in a property by a variety of legal means, such as a sale, a gift, or a will. Only in the case of inherited properties is it permissible to surrender rights in a property through a relinquishment agreement. These would include all of your familial holdings, to which you are entitled by birth under Hindu law, as well as your father's self-acquired property in the event he dies interstate.
Only co-owners of a property have the option to sell their part. In addition, they can only sell their stake to another co-owner.
The Registration Act of 1908 stipulates that any document that creates or transfers a claim over real property should be filed under section 17 (1) b. As a result, in order for a relinquishment deed to be legally legitimate, it should be recorded. In the event of a disagreement, Section 49 of the Registration Act states that an unlicensed document that is required to be registered under Section 17 is inadmissible in a court of law. In the Telugu Kishna Mohan and Others vs. Boggula Padmavathi and Others lawsuit, this was clearly established.
Regards,
Anaita Vas
