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

https://qph.cf2.quoracdn.net/main-qimg-d465b84e272b1f5a619beb5b40e5045a-lqhttps://qph.cf2.quoracdn.net/main-qimg-5a59195300f550b1828d5932d6b2c714-lqhttps://qph.cf2.quoracdn.net/main-qimg-a8dbea538e94fbd0d1f05671c752b411-lqhttps://qph.cf2.quoracdn.net/main-qimg-e2ebd859f8f03ff3577ab6c7e3cdab56-lq

 

 

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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.

https://qph.cf2.quoracdn.net/main-qimg-ff67f75e055f2e221c8c4f78fee5a805-lq

 

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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,

https://qph.cf2.quoracdn.net/main-qimg-1e467c20143ff2cf5a2bb9bc20edd7b7-lqhttps://qph.cf2.quoracdn.net/main-qimg-690e08c6743706b48739c0a392e5a17e-lqhttps://qph.cf2.quoracdn.net/main-qimg-b85d4a9ba247999a44b76f43d534dbc6-lqhttps://qph.cf2.quoracdn.net/main-qimg-876d328cd7a5b2ba036f92cb4ac04bd2-lqhttps://qph.cf2.quoracdn.net/main-qimg-3a96504ba194f094c1ba5aeeb726a6d4-lq