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
X
DISPUTES
X
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.