Contact Us

Overview

Advantage

Procedure

Documents

FAQ's

Relinquishment Deed

If one wishes to relinquish their rights in an inherited parental property for another legal heir, a relinquishment deed is required.
0 +
Businesses Served
0 +
Years Experience
0 /5
Google Rating

Get Started

Mayank Wadhera

Expert in Relinquishment Deed

Call Now
Whatsapp

Best Compliance Firm For Your Company

Free Legal Advice

Experts Team

On-Time Delivery

Overview
Advantages
Procedure
Documents
Faq's

Overview of Relinquishment Deed

By signing a relinquishment deed, a legal heir can relinquish their claim to inherited property in favor of other heirs. This is particularly useful in cases where a person dies intestate, and the legal heirs must renounce their shares in the property to another legal heir or co-owner. The transfer of a relinquishment deed can be done with or without consideration, but the parties involved must be co-owners of the property for the transfer to qualify as a release or deed of relinquishment.

Advantages of Relinquishment Deed

Smooth transfer of property ownership If there are multiple legal heirs to a property, a relinquishment deed can help to transfer ownership smoothly and avoid any disputes or legal issues that may arise
Clarity of ownership rights By signing a relinquishment deed, the legal heirs can clearly define and renounce their share in the property, allowing other co-owners or legal heirs to have a clear understanding of their ownership rights
Avoidance of legal disputes By relinquishing their share in the property, legal heirs can prevent any potential legal disputes or conflicts that may arise in the future
Simplification of property division A relinquishment deed can simplify the process of dividing property among legal heirs, especially in cases where there are multiple heirs with different degrees of interest in the property
Flexibility in property distribution A relinquishment deed allows legal heirs to distribute the property among themselves according to their wishes, rather than being bound by the intestacy laws

Registration Process

Step 1: Drafting of the Deed: The first step is to draft the relinquishment deed. It is recommended to seek the assistance of a legal expert or a lawyer for drafting the document to ensure that it is legally valid.

Step 2: Stamp Duty Payment: Once the deed is drafted, the next step is to pay the stamp duty. The stamp duty is calculated based on the value of the property being relinquished, and the rates vary from state to state.

Step 3: Notarization of the Deed: After paying the stamp duty, the relinquishment deed must be notarized by a notary public.

Step 4: Registration of the Deed: The final step is to register the relinquishment deed at the Sub-Registrar’s office”

Required Documents

1. Legal Documents of the Property

2. Registered Documents

3.A Written Document Stating Intention

4.Co-owners Details

5.Particulars required for a Release Deed

6.Name of the Releasor, Age, Addres

7.Name of the Releasee, Age, Address

8.Property description

9.Details on consideration, if any

10.Aadhar Card, ID Proofs, like Driver License, Passport, etc

11.Pan Card of both parties for execution of deed relinquishment

12.You will require two witnesses at the time of execution of Relinquishment Deed

13.Other Agreements which you might have entered into concerning the property

14.Other materials may be needed according to state requirements

FAQ's Relinquishment Deed :-

Relinquishment deeds are irrevocable. Yet, it may be contested in court on certain grounds.
Both of these words refer to the same action: the co-owners of a joint property may waive their ownership interest in the aforementioned immovable asset. A relinquishment/release deed is the name given to the document created for the purpose.
Only inherited property may be the subject of a relinquishment document. The nominee and the executor must share ownership of the assets. Also, it is necessary for all parties to be physically present in order to record a deed. Prior to the registration process, the necessary legal papers should be completed.
To allow the co-owners to formally transfer their portion of the property to the other co-owner, a relinquishment deed would be made and registered. Hindu joint property co-owners have the option of giving up their claim to this immovable asset by giving up their ownership.

Get Started

1. Application

Fill out the application form & other details.

2. Payment

Make the payment through online mode.

3. Process

We will process your application.

4. Confirmation

A mail will be send on completion.

Why People Choose Our Services ?

Free Legal Advice

We provide free of cost consultation and legal advice to our clients.

Tech Driven Platform

All our services are online no need you to travel from your place to get our services.

Grow your business

Experts Team

We are a team of more than 15+ professionals with 11 years of experience.

Transparent pricing

There are no hidden & extra charges* other than the quote/invoice we provide.

100 % Client Satisfaction

We aim that all our customers are fully satisfied with our services.

On-Time Delivery

We value your time and we promise all our services are delivered on time.

Why Trust legal Suvidha?

People Who loved our services and what they feel.

In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.

Reno K Subramaniam
Reno K Subramaniam
22/03/2023
I have recently registered a Private Limited firm and was looking for a CA to take care of the filings, Startup India Certificate, and other formalities. I have received emails from legal Suvidha and a few others. I tried talking to them all. But, Mr. Mayank from Legal Suvidha was very impressive and was patient enough, prompt to answer all the queries. He has a very professional team and after the initial formalities, I started interacting with the team. It's not even 2 weeks but I really feel overwhelmed by their service and professionalism. I received my startup India certificate yesterday and my filings have been done promptly. The team at legal suvidha Ms. Nidhi, Ms. Priyanka, Ms. Koshika, and Ms. Saloni all show the same professionalism and are readily available to take care of the official filings and stuff. Overall a great experience till now and looking forward to a great journey!
pankaj tiwari
pankaj tiwari
22/03/2023
Legal suvidha is a team of genuine and experienced professionals who give you best services according to your profile
Raman Krishnan
Raman Krishnan
21/03/2023
Saloni from legalsuvidha has done a excellent job for filling and geting certificate of DPIIT. Thanks to legalsuvidha.
Prakaash Hari
Prakaash Hari
15/03/2023
Team Legal Suvidha offers a brilliant service. There communication is quite clear and they execute the job meticulously. We are a startup private limited company and their advice is so critical in making my decision. Well done team. Keep it up. Prakaash Hari, Director, ipixela.
Priyanka Rudra
Priyanka Rudra
02/03/2023
Dedicated team and fast response
Dr. Vishal Ghag
Dr. Vishal Ghag
21/02/2023
Been using their services since 3 years now and I am absolutely happy with Legal Suvidha. They have been supportive, understanding and highly skilled at helping me with my business needs.

Stay Updated With Our Blogs!

Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.
DIN KYC

DIN KYC

A Director Identification Number (DIN) is a unique identification number assigned to individuals who are

Read More »
March 22, 2023
80G & 12A

80G & 12A

According to the Income Tax Act of 1961, there are some organisations that are eligible

Read More »
March 22, 2023
All Blogs
Contact us and grow your business

Legal Suvidha App

Now all Professional Services in a Single Click !

Now get all the services required for your business in a single app.

  • Registration/Incorporation for all companies
  • Income Tax Filings
  • GST Registration & Filing
  • Company Annual Filings
  • Trademark Registration
  • Licencing
Subscribe to our newsletter & grow your business

Subscribe To Our Newsletter .

Sign up to receive email updates on new product announcements, special promotions, sales & more.

Legal Suvidha has been a one-stop Compliance Provider for all start-ups and entrepreneurs.

 

Start a Business

Annual Filings

Tax Filings

IPR Services

Facebook Twitter Youtube Linkedin Instagram
Legal Suvidha :

Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.

Starting a Business :

Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.

Intellectual Property :

The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.

Government Registrations :

To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.

Legal Documentation :

There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.

Mandatory Compliance :

It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.

ITR portal for Salaried employees and Businesses :

We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.

Legal Suvidha © 2013-2023. All Rights Reserved.