What is Release Deed? How do I register a Release Deed in Karnataka?






A Release Deed would typically be executed at a time when your home loan provider grants you a legal certificate that you have fully paid your loan and the lender is freeing title document submitted as a security against the loan

An individual can also give up his/her right in a property through Release Deed. The Release Deed discharges each party from their previous obligations and prevents the possibility of disputes in future.

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Let me set the context with a real example that how I registered the Release Deed.

Husband and wife jointly purchased a 2BHK flat from a builder 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.

Documents Require for Release Deed Registration:

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

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

Government charges: Below are the government charges for Release deed registration in  Karnataka)
  • Stamp Duty: Rs. 5000
  • Registration fee Rs. 1000
  • Scanning Fee Rs, 520 (approx)
  • Affidavit: Rs. 60

We generate the below K2 Challan on K2 website https://k2.karnataka.gov.in/K2/index_en.html , We paid the government charge through UPI (Gpay)

 

We carried the below documents to Sarjapur Sub-registrar office to register the Release deed

  • Registered sale deed (of husband & wife purchased from builder)
  • 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,

 

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.

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