Settlement deed vs release deed
Querist :
Anonymous
(Querist) 27 November 2024
This query is : Resolved
My father had divided his property located in Chennai to his four children percentage wise by way of a settlement deed.
Now my sister wants to give her 25% share of the property to me. What Is the correct way of registering the document? Is it by doing a release deed or it must be by a settlement deed taking into consideration future sale of the full property and also any other legal issues? Kindly advise.
kavksatyanarayana
(Expert) 27 November 2024
Your father gifted his property to his children. If your sister wants to give you her share, she shall execute a Gift settlement deed in your favour.
