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Deed of Family Release for Consideration

At a glance

Price
₹799 · GST included
Stamp duty
Punjab: release under Article 55. … Chandigarh: blood-relation transfers exempt; calculator otherwise shows Rs 15 flat or 8%/6% for a non-ancestral release — confirm at the Sub-Registrar.
Registration
Compulsory (s.17(1)(b)); present within four months (s.23).
Witnesses
Both sign; no statutory witness rule identified.

₹799

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • family release deed for payment
  • compensated relinquishment

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

One family member gives up a share to another, for money — state the consideration openly. A genuine release (Art. 55); s.17(1)(b) requires registration since it extinguishes a right. State pre-existing interests, relationship, share, amount, payment method, possession, permissions. Do not disguise a stranger-sale as a family release. Punjab authority and Chandigarh sector property still need their own permission or update.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Punjab: release under Article 55. Duty fully remitted on a lifetime transfer to a 'blood relation' (Order S.O.28/2014: children, grandchildren, siblings ONLY). No published rate outside that — get it from the Sub-Registrar; do not assume the 5% sale rate. Duty on consideration or Collector rate, higher. Chandigarh: blood-relation transfers exempt; calculator otherwise shows Rs 15 flat or 8%/6% for a non-ancestral release — confirm at the Sub-Registrar. Stamp before or at signing (s.17); unstamped is inadmissible until penalty is paid (s.35).

Registration

Compulsory (s.17(1)(b)); present within four months (s.23). Fee: Punjab 1% (min Rs 50, max Rs 2,00,000) plus Rs 200 pasting; Chandigarh 1% capped at Rs 10,000 plus Rs 20 pasting.

Notarisation

Does not replace registration.

Witnesses

Both sign; no statutory witness rule identified.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

DEED OF FAMILY RELEASE FOR CONSIDERATION

Instrument date: 1 April 2026

Releasor: X, X. Releasee: X, X. Other interested persons: X

Property: X; X. Regime: Punjab freehold/revenue-record property. Source: X. Value: ₹25,000 (Rupees Twenty Five Thousand only).

EXISTING RIGHTS

Releasor: X. Releasee: X. Encumbrances: X.

FAMILY / RELEASE

Family relationship: X. Scope: Entire stated undivided share.

CONSIDERATION

Amount: ₹25,000 (Rupees Twenty Five Thousand only) by Bank transfer. Details: X. Payment/completion: 2 April 2026. Receipt: Releasor acknowledges cleared full consideration.

POSSESSION

Releasee remains in existing possession and releasor gives up claim.

AUTHORITY

Freehold property with no allotting-authority transfer restriction.

DUES / DOCUMENTS

X. X.

INDEMNITY

X

DISPUTES

X

REGISTRATION / RECORD

Present before X and complete the consequential local record update.

Questions about this document

Does the Deed of Family Release for Consideration need stamp paper or stamp duty in Punjab and Chandigarh?

Punjab: release under Article 55. Duty fully remitted on a lifetime transfer to a 'blood relation' (Order S.O.28/2014: children, grandchildren, siblings ONLY). No published rate outside that — get it from the Sub-Registrar; do not assume the 5% sale rate. Duty on consideration or Collector rate, higher. Chandigarh: blood-relation transfers exempt; calculator otherwise shows Rs 15 flat or 8%/6% for a non-ancestral release — confirm at the Sub-Registrar. Stamp before or at signing (s.17); unstamped is inadmissible until penalty is paid (s.35).

Does the Deed of Family Release for Consideration need registration in Punjab and Chandigarh?

Compulsory (s.17(1)(b)); present within four months (s.23). Fee: Punjab 1% (min Rs 50, max Rs 2,00,000) plus Rs 200 pasting; Chandigarh 1% capped at Rs 10,000 plus Rs 20 pasting.

What does the Deed of Family Release for Consideration cost on Kaagazaat?

₹799, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Deed of Family Release for Consideration need witnesses?

Both sign; no statutory witness rule identified.

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