DEED OF FAMILY RELEASE FOR CONSIDERATION
Releasor: __________, __________. Releasee: __________, __________.
EXISTING RIGHTS
FAMILY / RELEASE
CONSIDERATION
POSSESSION
AUTHORITY
DUES / DOCUMENTS
INDEMNITY
DISPUTES
REGISTRATION / RECORD
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.
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.
Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials.
SIGNATURE