Kagaznama

Deed of Family Release for Consideration

At a glance

Price: Free
Stamp duty: Punjab: release under Article 55. … Chandigarh: blood-relation transfers exempt; calculator otherwise shows Rs 15 flat or 8%/6% for a non-ancestral release — confirm at the Sub-Registrar.
Registration: Compulsory (s.17(1)(b)); present within four months (s.23).
Witnesses: Both sign; no statutory witness rule identified.

Free

Documents are free. Only kits are paid.

Free: up to 5 documents a day.

Guided questions, full draft on screen, download in Word.

See all prices

Also called

family release deed for payment
compensated relinquishment

When you need it

One family member gives up a share to another, for money — state the consideration openly. A genuine release (Art. 55); s.17(1)(b) requires registration since it extinguishes a right. State pre-existing interests, relationship, share, amount, payment method, possession, permissions.

Do not disguise a stranger-sale as a family release. Punjab authority and Chandigarh sector property still need their own permission or update.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Punjab: release under Article 55. Duty fully remitted on a lifetime transfer to a 'blood relation' (Order S.O.28/2014: children, grandchildren, siblings ONLY). No published rate outside that — get it from the Sub-Registrar; do not assume the 5% sale rate. Duty on consideration or Collector rate, higher. Chandigarh: blood-relation transfers exempt; calculator otherwise shows Rs 15 flat or 8%/6% for a non-ancestral release — confirm at the Sub-Registrar. Stamp before or at signing (s.17); unstamped is inadmissible until penalty is paid (s.35).

Registration

Compulsory (s.17(1)(b)); present within four months (s.23). Fee: Punjab 1% (min Rs 50, max Rs 2,00,000) plus Rs 200 pasting; Chandigarh 1% capped at Rs 10,000 plus Rs 20 pasting.

Notarisation

Does not replace registration.

Witnesses

Both sign; no statutory witness rule identified.

Request Stamp Paper

Sample preview — placeholder answers, not your data

KAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASEDKAGAZNAMA SAMPLE — NOT PURCHASED

DEED OF FAMILY RELEASE FOR CONSIDERATION

Instrument date: 1 April 2026

Releasor: X, X. Releasee: X, X. Other interested persons: X

Property: X; X. Regime: Punjab freehold/revenue-record property. Source: X. Value: ₹25,000 (Rupees Twenty Five Thousand only).

EXISTING RIGHTS

Releasor: X. Releasee: X. Encumbrances: X.

FAMILY / RELEASE

Family relationship: X. Scope: Entire stated undivided share.

CONSIDERATION

Amount: ₹25,000 (Rupees Twenty Five Thousand only) by Bank transfer. Details: X. Payment/completion: 2 April 2026. Receipt: Releasor acknowledges cleared full consideration.

POSSESSION

Releasee remains in existing possession and releasor gives up claim.

AUTHORITY

Freehold property with no allotting-authority transfer restriction.

DUES / DOCUMENTS

X. X.

INDEMNITY

DISPUTES

REGISTRATION / RECORD

Present before X and complete the consequential local record update.

LEGAL BASIS

Punjab: Article 55 applies to a genuine release for consideration. Section 17(1)(b) requires registration because the deed extinguishes an immovable right; section 23 gives four months. If releasee has no pre-existing interest and consideration is the true price, conveyance analysis is required. Punjab authority property remains subject to section 43(7). The stamping note sets out the Article 55 position, including the Punjab blood-relation remission, and the registration note gives the fee.

Chandigarh: Article 55 and section 17(1)(b) apply to a genuine family release. Sector property must be reflected in the Estate Office file. The stamping and registration notes give the Chandigarh lines; the Estate Office record charge was not confirmed.

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023.

The purpose of collecting personal data in this family release deed is to identify the family parties, record the consideration and extinguish the releasor stated property interest through registration.

The record will be held by Kagaznama and may be shared with the parties, Sub-Registrar, court/estate administrator where relevant, and the relevant Estate/development/revenue authority.

If the matter does not proceed, the personal data will be retained for 90 days and then erased. If the matter proceeds, the record will be retained for the matter plus 12 months, except where a statute requires a longer named retention period.

A person named in this document may request correction or erasure where the purpose has ended, withdraw consent for future consent-based processing, or raise a grievance by writing to privacy@example.com. The record-holder should acknowledge and reply within 30 days.

Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials.

Questions about this document

Does the Deed of Family Release for Consideration need stamp paper or stamp duty in Punjab and Chandigarh?

Punjab: release under Article 55. … Chandigarh: blood-relation transfers exempt; calculator otherwise shows Rs 15 flat or 8%/6% for a non-ancestral release — confirm at the Sub-Registrar.

See the full position on stamp duty, registration and witnesses

Does the Deed of Family Release for Consideration need registration in Punjab and Chandigarh?

Compulsory (s.17(1)(b)); present within four months (s.23).

See the full position on stamp duty, registration and witnesses

What does the Deed of Family Release for Consideration cost on Kagaznama?

Free.

Documents are free. Only kits are paid.

Does the Deed of Family Release for Consideration need witnesses?

Both sign; no statutory witness rule identified.

See the full position on stamp duty, registration and witnesses

Often needed with this document

Back to Gift, inheritance and dividing family property