{"id":4984,"date":"2022-06-23T10:22:35","date_gmt":"2022-06-23T10:22:35","guid":{"rendered":"https:\/\/www.homebazaar.com\/knowledge\/?p=4984"},"modified":"2025-03-12T08:17:40","modified_gmt":"2025-03-12T08:17:40","slug":"release-deed","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/knowledge\/release-deed\/","title":{"rendered":"Release Deed: Meaning, Uses, Format and Registration"},"content":{"rendered":"
Disclaimer:<\/strong>
\nWith 11+ years of experience & expertise in the real estate industry, Homebazaar provides end-to-end property-buying solutions. Hundreds of 100% verified RERA-registered residential & commercial properties are listed on our website. We provide facilities like Zero brokerage, 360\u00b0 virtual street view, effortless site visit services, end-to-end property buying agreements & documentation guidance, and low-interest home loan assistance. This helped us gain the trust of 55,000+ clients across India & sold 6,500+ homes of top reputed developers.<\/strong><\/h6>\n

What is a Release Deed?<\/b><\/h2>\n

A Release Deed is used when one co-owner of the property wants to release their ownership and transfer the property rights to the other co-owners.<\/span><\/p>\n

A Release deed is generally done for the property owned by multiple owners.\u00a0\u00a0\u00a0<\/span><\/p>\n

The release deed facilitates seamless transfer and other vital property transactions.<\/p>\n

For example, if the property is owned by all the family members, and they want to transfer all the property rights to one member of the family, then they have to execute the Release Deed.<\/span><\/p>\n

A release deed can also be executed for ending the liabilities of the personal guarantees, the bank\u2019s legal hold after repayment of the home loan, and for the settlement of the disputes between the parties.\u00a0<\/span><\/p>\n

In short, the release deed is used when one party needs to release the ownership of something to another party.\u00a0<\/span><\/p>\n

The release deed may or may not involve the monetary transaction between the two parties.\u00a0<\/span><\/p>\n

What is the Purpose Of Deed Of Release<\/b><\/h2>\n

A Deed of release is also used between the two parties for clear settlement.\u00a0\u00a0\u00a0<\/span><\/p>\n

Where both the parties release each other from certain obligations.\u00a0<\/span><\/p>\n

Once the Release Deed is signed, the parties cannot legally challenge each other based on the agreed terms and conditions mentioned in the Release Deed.\u00a0<\/span><\/p>\n

Release Deed Registration<\/b><\/h2>\n

\"ReleaseAccording to section 17 of the Registration Act 1908, the release deed is considered valid only when the release deed is registered at the sub-registrar office.\u00a0<\/span><\/p>\n

Therefore, it is necessary to register the Release Deed at the sub-registrar office by paying the applicable release deed stamp duty.\u00a0<\/span><\/p>\n

You can register the release deed at the sub-registrar office in online and offline modes.<\/span><\/p>\n

Also, to register the release deed you need to pay the applicable Stamp Duty on the Release Deed.\u00a0<\/span><\/p>\n

Note:<\/strong>
\nHomebazaar<\/a> serves homebuyers searching for flats in India with end-to-end services like site visits, and lower-interest home loans to property registration guidance. We provide the best price options & offers for 1 to 4 BHK RERA-registered flats, villas & penthouse properties in India. To begin a smooth homebuying journey with us, fill out the form mentioned below or on the right side.<\/p>\n

Stamp Duty and Registration Charges on Release Deed\u00a0<\/b><\/h2>\n

By paying the applicable Stamp Duty and Registration charges on the release deed, you can have it registered at the sub-registrar office.\u00a0<\/span><\/p>\n

Here are the release deed stamp duty and registration charges in Mumbai.<\/span><\/p>\n\n\n\n\n\n
<\/td>\nStamp Duty<\/b><\/td>\nRegistration Charges<\/b><\/td>\n<\/tr>\n
Release Deed by Legal Heirs for ancestral property\u00a0<\/b><\/td>\nRs. 200\/-\u00a0<\/span><\/td>\n1% of the Market\/Agreement Value<\/span>\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0or<\/span><\/p>\n

\u00a0Rs. 30,000\/-<\/span><\/p>\n

(Whichever is less)<\/span><\/td>\n<\/tr>\n

Release Deed for Any Other Cases<\/b><\/td>\n6% of the market\/ agreement value of the property.\u00a0<\/span><\/td>\n1% of the Market\/Agreement Value<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0or<\/span><\/p>\n

\u00a0Rs. 30,000\/-<\/span><\/p>\n

(Whichever is less)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Release-Deed Registration Online<\/b><\/p>\n

Here is how you can register the Release Deed Online in Mumbai.<\/span><\/p>\n

Step 1:<\/b> Visit the Official GRAS Portal at gras.mahakosh.gov.in<\/a><\/span><\/p>\n

\"Stamp<\/p>\n

Step 2:<\/b> Then Click On Pay Without Registration\u00a0<\/span><\/p>\n

\"Release<\/p>\n

Step 3: <\/b>Then, From the Citizen Section, Select The Applicable Option\u00a0<\/span><\/p>\n

\"Release<\/p>\n

Step 4:\u00a0 <\/b>Select the Suitable Payment Option and then Click On Proceed.\u00a0<\/span><\/p>\n

\"Release<\/p>\n

Step 5: <\/b>Check The Generated Chalan<\/span><\/p>\n

\"Release<\/p>\n

Step6:<\/b> Make Payment and Get the Receipt of the Release Deed Registration\u00a0<\/span>\"ReleaseWhere Release Deed is Used?<\/b><\/p>\n

The release deed is used in the following cases.<\/span><\/i><\/b><\/p>\n