Release Deed

A Release Deed is a legal document used to relinquish a party’s rights, claims or obligations over a property or asset, governed by India’s Registration Act, 1908, Section 17 and Transfer of Property Act, 1882, Section 54. Mandatory registration for immovable property ensures enforceability and protects against disputes or penalties (e.g., fines up to ₹1 lakh for non-registration under Registration Act). It is ideal for family settlements, loan closures or co-ownership releases. 

Novam Legal provides expert, compliant Release Deed services, ensuring clear and dispute-free transfer of rights. Here’s how a Release Deed registration delivers value for your business:

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    Process Steps for a Release Deed with Novam Legal

    Consultation and Case Assessment

    We discuss property details, parties and rights to be released, tailoring the process, per Transfer of Property Act, 1882.

    Document Collection and Verification

    We gather and verify Sale Deeds, tax receipts and IDs to ensure compliance and clear title.

    Customized Release Deed Drafting

     We draft a legally compliant deed, specifying the rights relinquished and terms.

    Review and Revisions

    All parties review the draft and we incorporate feedback to ensure mutual consent and accuracy.

    Stamp Duty and Registration Coordination

    We calculate stamp duty, assist with payment and manage registration at the Sub-Registrar’s office.

    Final Delivery and Optional Paid Support

    We deliver the registered Release Deed, with optional paid assistance for post-registration queries, billed separately.

    Benefits of a Release Deed

    Rights Clearly Relinquished

    Formalizes transfer of claims, ensuring legal clarity, per Registration Act, 1908.

    Conflicts Minimized

    Reduces disputes by documenting mutual consent among parties.

    Cost Efficiency Achieved

    Lower stamp duty for family releases, per Indian Stamp Act, 1899.

    Transactions Facilitated

    Supports mutation, resale or loan applications with updated records.

    Family Settlements Simplified

    Ideal for resolving inherited or joint property claims.

    Prerequisites for a Release Deed

    Deliverables for a Release Deed with Novam Legal

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    Basic

    4500

    • Fact and Document Review
    • 30 mins discussion with Lawyer
    • Drafting of Release Deed

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    Frequently asked Questions

    A legal document where one party relinquishes property rights to another, per Transfer of Property Act, 1882.

    It clarifies ownership, prevents disputes and supports family settlements or loan closures.

    Yes, for immovable property, under Registration Act, 1908, Section 17.

    Typically 7–14 days, depending on document readiness and Sub-Registrar availability.

    Yes, within 3 years under Limitation Act, 1963 or longer for fraud.

    ID proof, address proof, Sale Deed, Property Tax Receipts and Encumbrance Certificate.

    It relinquishes rights, enabling the Releasee to claim title, per Transfer of Property Act, 1882.

    No, ongoing assistance is an optional paid service, billed separately.

    Stamp duty applies, per Indian Stamp Act, 1899; capital gains tax may apply, with exemptions possible.

    It’s inadmissible in court, risking fines up to ₹1 lakh, per Registration Act, 1908.

    A Release Deed relinquishes rights; a Partition Deed divides joint property among co-owners.

    Yes, to release a lender’s claim after loan repayment, enabling clear title.

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