wife is relinuishing her 50% share in a Mumbai flat jointly owned with husband. what are documents / forms required for registration ?
CPU (Engineer) 28 July 2015
wife is relinuishing her 50% share in a Mumbai flat jointly owned with husband. what are documents / forms required for registration ?
N.K.Assumi (Advocate) 28 July 2015
She can execute Deed of Relinquishmnt or release, discharge.or a deed poll. Recital in the Deed should clearly mention fully and precisely under what circumstances the release or relinquishment is executed as the generl words in the release will controlled by the recitals and enclosed the available documents. For stamp duty relevant provisions is article 55 of Schedule read with Secion 23-A of the Stamp Act and your State amendment to the schedule should be look into. If the release is of a right to immovable property it should be registered.
N.K.Assumi (Advocate) 28 July 2015
She can execute Deed of Relinquishmnt or release, discharge.or a deed poll. Recital in the Deed should clearly mention fully and precisely under what circumstances the release or relinquishment is executed as the generl words in the release will be controlled by the recitals and enclosed the available documents. For stamp duty relevant provisions is article 55 of Schedule read with Secion 23-A of the Stamp Act and your State amendment to the schedule should be look into. If the release is of a right to immovable property it should be registered.