Kaagazaat

Release Deed by a Co-Owner

At a glance

Price: ₹799 · GST included
Stamp duty: Punjab: Article 55, Schedule I-A, Indian Stamp Act 1899 — duty is remitted IN WHOLE on a lifetime transfer to a "blood relation" (child, grandchild, brother, sister; parent/spouse NOT covered — Order S.O.28/C.A.2/1899/S.9/2014); otherwise no published rate — ask the Sub-Registrar. … Chandigarh: blood-relation transfers are exempt; its calculator shows Rs 15 (simple release) or 8%/6% (unancestral, in/outside MC area) — confirm first.
Registration: Compulsorily registrable under section 17(1)(b); present within four months (section 23).
Witnesses: Both parties sign; no statutory two-witness requirement was identified.

₹799

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Also called

co-owner release deed
relinquishment of undivided share

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A co-owner gives up their undivided share to another EXISTING co-owner — not a sale to a stranger; the releasor's right is extinguished, enlarging the other's interest (Article 55; section 17(1)(b), Registration Act 1908). State the releasor's and releasee's shares, consideration, encumbrances and post-release title. No pre-existing releasee interest with a real price paid may need conveyance treatment instead. Punjab authority property stays subject to section 43(7); Chandigarh needs an Estate Office update after registration.

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: Article 55, Schedule I-A, Indian Stamp Act 1899 — duty is remitted IN WHOLE on a lifetime transfer to a "blood relation" (child, grandchild, brother, sister; parent/spouse NOT covered — Order S.O.28/C.A.2/1899/S.9/2014); otherwise no published rate — ask the Sub-Registrar. Duty runs on consideration or Collector rate, whichever higher. Chandigarh: blood-relation transfers are exempt; its calculator shows Rs 15 (simple release) or 8%/6% (unancestral, in/outside MC area) — confirm first. Stamp at signing (section 17); understamped, inadmissible until cured (section 35).

Registration

Compulsorily registrable under section 17(1)(b); present within four months (section 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

Notarisation does not substitute for registration.

Witnesses

Both parties sign; no statutory two-witness requirement was identified.

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

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RELEASE DEED BY A CO-OWNER

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.

RELEASE

Scope: X. Effect: Releasor extinguishes stated co-ownership share in favour of existing co-owner.

CONSIDERATION

Release is without monetary 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

DISPUTES

REGISTRATION / RECORD

Present before X and complete the consequential local record update.

LEGAL BASIS

Punjab: Article 55 classifies a release. Because this deed extinguishes a co-ownership right in immovable property, section 17(1)(b) requires registration; section 23 gives four months. For Punjab development-authority property, section 43(7) requires previous permission. The stamping note sets out the Article 55 position, including the Punjab blood-relation remission, and the registration note gives the fee.

Questions about this document

Does the Release Deed by a Co-Owner need stamp paper or stamp duty in Punjab and Chandigarh?

Does the Release Deed by a Co-Owner need registration in Punjab and Chandigarh?

What does the Release Deed by a Co-Owner cost on Kaagazaat?

₹799, GST included.

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

Does the Release Deed by a Co-Owner need witnesses?

Both parties sign; no statutory two-witness requirement was identified.

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