THIS IS JUST A FORMAT.

1073
Kindly take proper Legal Advise for Drafting Document as per your requirements.

Form No. 2

Release or Relinquishment of
an Interest in Immovable Property
DEED OF RELEASE is made at ... this ... day of ... between Mr. A resid-
ing at ... hereinafter referred to as the ‘Releasor’ of the One Part and Mr.
B residing at ... hereinafter referred to as the ‘Releasee’ of the Other Part.

WHEREAS -
1 The Releasor and the Releasee, who are full sister and brother by
relation, are joint owners of the immoveable property situate at ... and
more particularly described in the Schedule hereunder written being the

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property inherited by them from their father.

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2 The Releasor does not desire to claim any interest or share in
the said property as she is married and well placed in life and she has
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received sufficient amounts in different forms from her father and she,
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therefore, desires to release all her share, right, title and interest in the
said property so as to enable the Releasee to enjoy the same alone or deal
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with it as he likes.
NOW THIS DEED WITNESSETH that in the premises and out of natu-
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ral love and affection for her brother the Releasee, the Releasor hereby
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releases and quits claim to all her share, right title and interest claim and
demand in the said property described in the Schedule hereunder written
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unto and in favour of the Releasee to the intent and purposes that the
Releasee will be sole owner of the said property.
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IN WITNESS WHEREOF the Releasor has put her hand the day and
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year first hereinabove written.1

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THE SCHEDULE ABOVE REFERRED TO

x x x x
Signed and delivered by the )
withinnamed Releasor ... )
in the presence of ... )
Signed and delivered by the with named )
Reseasee in the presence of . . . . . . . )

Note : This Deed would in effect be a Gift and require Stamp Duty as a Gift and
will have to be registered.
Stamp Duty, eStamping & Registration : See the Indian Stamp Act, 1899 (2 of
1899), Rates of Stamp Duty in various States, eStamping and Compulsorily & Option-

websites, in respective later Part/Chapters on Stamp Duty, eStamping & Registration of

Deeds & Documents.