Relinquishment

It differs from state to state, please mention where the property located. In tamilnadu its 2% of market value. (1% Rate of Stamp duty & 1% Registration Fee)

Sir,

Thank you very much for your kind response.

I am in Tirunelveli. 

A Document Writer said...

             " Settlement is the best way.  It needs 1% of Stamp duty.

               But Release Deed needs 8% of Stamp-duty and It is only possible between coowners.

               And Life Interest holder shall not release his life interest to the Vested Reminders through Release

               Deed."

But I thought that the Relinquishment is the best way to approach.

I expect your reply.

Thanking you.

Yes, he is  right . Get the property by a settlement (gift) deed which is just 1% stamp-duty and 1% reg.fee . Release or relinquishment don t apply to your case. thank you.