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

• 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,

Thank you for reading…