Release Deed
Legally release your share in a jointly-owned property to another co-owner.
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What is Release Deed?
A Release Deed (also called a Relinquishment Deed) is a legal document through which a co-owner voluntarily gives up or transfers their share or interest in a jointly-owned property in favour of another co-owner — typically a family member or legal heir. It is one of the simplest and most common ways to consolidate ownership within a family, for example when one sibling releases their share in an inherited property to another, or when a legal heir relinquishes their claim so the property can be clearly titled in one name. Right Assets Management helps families and co-owners across India execute Release Deeds correctly and legally. A Release Deed for immovable property must be in writing, stamped, and registered to be valid. Our team drafts a precise deed clearly identifying the property, the share being released, and whether it is with or without consideration (payment), then handles stamp duty calculation and registration at the Sub-Registrar's office. We also ensure the ownership records are updated so the consolidated title is clean and marketable. Done correctly, a Release Deed avoids future ownership disputes and makes the property easy to sell, mortgage, or transfer.
Who Is This For?
- Legal heirs who want to release their share in inherited property to another heir
- Co-owners consolidating ownership of a jointly-held property into one name
- Family members settling property amicably without a sale
- One sibling relinquishing their share in favour of another
- Owners who need a clean, single-name title before selling or mortgaging a property
How We Help — Step by Step
Ownership Verification
We verify the title and confirm the co-owners and the exact share each person holds in the property.
Terms & Consideration Discussion
We help decide whether the release is with consideration (payment) or without (a gift within family), as this affects stamp duty.
Release Deed Drafting
Our team drafts a precise Release Deed identifying the releasor, releasee, property, and the share being released, leaving no ambiguity.
Stamp Duty & Registration
We calculate the applicable stamp duty and register the deed at the Sub-Registrar's office with the parties and witnesses present.
Record Update
We assist with updating the khata/mutation and municipal records so the consolidated ownership is reflected officially.
Why Choose Right Assets for Release Deed?
- Cleanly consolidate jointly-owned property into a single, marketable title
- A simple, cost-effective alternative to a sale for transfers within family
- Prevent future ownership disputes with a precise, registered deed
- Correct stamp-duty guidance — releases within family often attract lower duty
- End-to-end handling of drafting, registration, and record mutation
- Experienced property advocates ensure the deed is legally watertight
Documents Required
Frequently Asked Questions
What is a Release Deed?
A Release Deed (or Relinquishment Deed) is a registered document by which a co-owner gives up their share or interest in a jointly-owned property in favour of another co-owner. It is commonly used among family members and legal heirs to consolidate ownership in one name.
Does a Release Deed need to be registered?
Yes. A Release Deed for immovable property must be in writing, stamped, and registered at the Sub-Registrar's office to be legally valid and to update the ownership records.
What is the difference between a Release Deed and a Gift Deed?
A Release Deed transfers a co-owner's share within an already jointly-owned property, usually to another co-owner. A Gift Deed transfers full ownership to any person (not necessarily a co-owner) without consideration. Stamp duty and applicability differ; we advise which instrument fits your situation.
Can a Release Deed involve payment?
Yes. A release can be with consideration (the releasing owner is paid for their share) or without consideration (a gratuitous release, common within family). This affects the stamp duty payable, which we calculate for you.
Get Legal Guidance
Describe your release deed situation and we'll guide you on the best next steps — confidentially.