Through RELEASE DEED, we can acquire co-owner’s share and become single owner of the property

Let me give an example:

In January 2015, wife and husband jointly purchased a flat in Bangalore from a builder. Refer to below sale deed:

1st page consists of seller details

2nd page consists of buyers details (joint purchase of wife and husband).

In Encumbrance Certificate, Wife’s and husband’s names shown as owners of the property, Refer to arrow mark in below EC

In Jan 2024, Husband wants to release his share in property to his wife and make his wife single owner of the property. We decided to transfer husband’s share to wife through RELEASE DEED.

We followed below steps to register Release Deed:

Step 1: Drafted the Release Deed in word document

Step 2: Submitted the RELEASE DEED application online (Kaveri Online Services in Karnataka)

Step 3: Paid the government fee. The government fee is Rs. 6350/- (including Stamp Duty, Registration and scanning fees).

Step 4: Booked an appointment for registration

Step 5: Registered the Release deed in Sub-registrar office. Refer to below Release Deed that husband is the Releasor and Wife is the Releasee

In Encumbrance certificate, Only wife’s name shows as owner of the property. Refer to arrow mark in below image

It means that we successfully transferred Joint ownership to single owner that wife becomes absolute single owner of the property.

We provide assistance to transfer joint ownership to single owner. Please write to us pgnproperties@gmail.com or whastapp to +91-9742479020

Thank you for reading…