Relinqishment deed
Sanjay Mitra
(Querist) 09 March 2010
This query is : Resolved
My mother has passed away in 1995 without leaving a will for a land property measuring 4 Cottahs approx. in Kolkata.My father, younger brother & younger sister & myself are the heirs of the property.The land property has a valuation of approx 15.00 lakhs.
My father & sister have agreed to release their natural share of the property without any monetory consideration in favour of my brother & me.
Can we execute a relinquishment deed to register our names with the registrar and get mutation in our names to approach bank for home loan in individual names ?
Is prior mutation necessary to execute the relinqishment deed ?
Is there any possibility of the registration of the relinquishment deed getting refused by the registrar.
We are not financially ready to bear the otherwise payable stamp duty through other avaialble options.
Subsequently can I incorporate my wife as a co owner of my share to become the principal borrower for the bank ?
Please refer the legal advisor's name to help us execute the proposition.
I solicit specific advices on my above querries please.
Regards.
Sanjay Mitra
s.subramanian
(Expert) 29 August 2010
!.YEs.
2.No.
3.Yes.you can do it.
