How to do Release Deed among family members in Karnataka?

Four simplified steps to do release deed in Karnataka among family members:

1. Documents
2. Draft
3. Government charges (Stamp Duty & Registration fee)
4. Registration

Let me explain this answer with a real example:

Husband and wife jointly own a 2BHK flat in Bangalore. It means that husband owns 50% share and wife owns 50% share of the property.

Now husband wants to release 50% of his share to his wife so we executed below Release Deed.

1. DOCUMENTS: Require for Release Deed Registration:

• Registered sale deed (of husband & wife purchased jointly)
• Current financial Tax paid receipt
• Khata certificate
• Aadhar of Releasor & Releasee
• PAN of Releasor & Releasee

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2. DRAFT: Prepared the Release Deed Draft in word file. The draft looks like below images

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3. GOVERNMENT CHARGES: Below are the government charges for Release deed registration (subject to Karnataka)

• Stamp Duty: Rs. 5000
• Registration fee Rs. 1000
• Scanning Fee Rs, 520 (approx)
• Affidavit: Rs. 60

We paid the government charges on K2 website through UPI and generate the K2 challan. Below challan image for your reference.

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4. REGISTRATION: We carried the below documents to  Sub-registrar office to register the Release deed

• Registered sale deed (of husband & wife purchased jointly)
• Current financial Tax paid receipt
• Khata certificate
• Aadhar of Releasor & Releasee
• PAN of Releasor & Releasee
• Printed Release Deed on Document paper
• Government charge receipt (K2 Challan )

The sub-registrar officer verified the above documents and approved for registration.

The registering officer asked the Releasor & Releasee to sit at the registration counter. The officer took the photo from webcam, biometric thumb impression, OTP authentication of Releasor & Releasee.

Releasor, Releasee and two witnesses signed the Release Deed. Below is the image of Registered Release Deed,

Note: 

• For Release deed registration, following members falls under family members category

Father, Mother, brother, sister, wife, son and daughter

• Aunty, uncle, cousin and in-laws don’t come under family member category for release deed registration
• The government charge for family members is around Rs 6580. For non-family members, 6.6% consideration value or guidance value, whichever is higher

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In Bangalore, we provide assistance to register Release Deed. To opt for our service, please Whatsapp to + 9 1 - 9 7 4 2 4 7 9 0 2 0.

Thank you for reading…