 Must be registered:

Relinquishment deed falls within the ambit of Section 17 of the Registration Act, 1908 and
hence, a discharge of rights in the immovable property must be registered. The registration
has to be placed in the office of the sub-registrar within whose jurisdiction the property is
located.
 

 Consideration:

A relinquishment deed can take place with or without any consideration.

 

 Simple process:

A relinquishment deed can be completed and registered in only some days, and this
procedure is not costly.

Who can Relinquish a Property?

Any person who has a share in the property and who is capable of making relinquishment of
property. In a circumstance that there is more than one proprietor in a property, either of the co-
owners can do the relinquishment. For a valid relinquishment, the basics of a valid agreement are to
be followed other than the reimbursement other than the consideration. Registration of
Relinquishment Deed A relinquishment deed is a document by which an individual formally gives up
his assets to another person, and the said deed must be methodically executed and registered in
accordance Section 17 of the Registration Act, 1908. For attainment a relinquishment deed
registered, it is recommended to seek advice from a lawyer who can prepare the deed for you, and
in case you know the legal methodology and terminology, you can do that on yourself