Four simplified steps to do release deed in Karnataka among family members:
- Documents
- Draft
- Government charges (Stamp Duty & Registration fee)
- Registration
Let me explain this answer with a real example:
Husband and wife jointly own a 2BHK flat in Bangalore. It means that husband owns 50% share and wife owns 50% share of the property.
Now husband wants to release 50% of his share to his wife so we executed below Release Deed.
1. DOCUMENTS: Require for Release Deed Registration:
- Registered sale deed (of husband & wife purchased jointly)
- Current financial Tax paid receipt
- Khata certificate
- Aadhar of Releasor & Releasee
- PAN of Releasor & Releasee
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2. DRAFT: Prepared the Release Deed Draft in word file. The draft looks like below images
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3. GOVERNMENT CHARGES: Below are the government charges for Release deed registration (subject to Karnataka)
- Stamp Duty: Rs. 5000
- Registration fee Rs. 1000
- Scanning Fee Rs, 520 (approx)
- Affidavit: Rs. 60
We paid the government charges on K2 website through UPI and generate the K2 challan. Below challan image for your reference.
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4. REGISTRATION: We carried the below documents to Sub-registrar office to register the Release deed
- Registered sale deed (of husband & wife purchased jointly)
- Current financial Tax paid receipt
- Khata certificate
- Aadhar of Releasor & Releasee
- PAN of Releasor & Releasee
- Printed Release Deed on Document paper
- Government charge receipt (K2 Challan )
The sub-registrar officer verified the above documents and approved for registration.
The registering officer asked the Releasor & Releasee to sit at the registration counter. The officer took the photo from webcam, biometric thumb impression, OTP authentication of Releasor & Releasee.
Releasor, Releasee and two witnesses signed the Release Deed. Below is the image of Registered Release Deed,
Note:
- For Release deed registration, following members falls under family members category
Father, Mother, brother, sister, wife, son and daughter
- Aunty, uncle, cousin and in-laws don’t come under family member category for release deed registration
- The government charge for family members is around Rs 6580. For non-family members, 6.6% consideration value or guidance value, whichever is higher
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We provide assistance to register Release Deed. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to + 9 1 – 9 7 4 2 4 7 9 0 2 0.
Thank you for reading…