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Kagaznama

Release Deed by a Co-Owner

At a glance

Price
Free
Stamp duty
Punjab: Article 55, Schedule I-A, Indian Stamp Act 1899 — duty is remitted IN WHOLE on a lifetime transfer to a "blood relation" (child, grandchild, brother, sister; parent/spouse NOT covered — Order S.O.28/C.A.2/1899/S.9/2014); otherwise no published rate — ask the Sub-Registrar. … Chandigarh: blood-relation transfers are exempt; its calculator shows Rs 15 (simple release) or 8%/6% (unancestral, in/outside MC area) — confirm first.
Registration
Compulsorily registrable under section 17(1)(b); present within four months (section 23).
Witnesses
Both parties sign; no statutory two-witness requirement was identified.

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Also called

  • co-owner release deed
  • relinquishment of undivided share

When you need it

Use this one for a generic release of an undivided share between existing co-owners, not necessarily tied to a death or inheritance; use the Relinquishment Deed (Haq Tyag) instead where a co-owner is releasing an inherited share after a death and needs the Punjab/Chandigarh mutation process spelt out, Relinquishment of an Inheritance if the share is already a vested, recorded inheritance, or Quit Claim Deed for Family Property if the claim itself is disputed or uncertain. A co-owner gives up their undivided share to another EXISTING co-owner — not a sale to a stranger; the releasor's right is extinguished, enlarging the other's interest (Article 55; section 17(1)(b), Registration Act 1908).

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State the releasor's and releasee's shares, consideration, encumbrances and post-release title. No pre-existing releasee interest with a real price paid may need conveyance treatment instead. Punjab authority property stays subject to section 43(7); Chandigarh needs an Estate Office update after registration.

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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: Article 55, Schedule I-A, Indian Stamp Act 1899 — duty is remitted IN WHOLE on a lifetime transfer to a "blood relation" (child, grandchild, brother, sister; parent/spouse NOT covered — Order S.O.28/C.A.2/1899/S.9/2014); otherwise no published rate — ask the Sub-Registrar. Duty runs on consideration or Collector rate, whichever higher. Chandigarh: blood-relation transfers are exempt; its calculator shows Rs 15 (simple release) or 8%/6% (unancestral, in/outside MC area) — confirm first. Stamp at signing (section 17); understamped, inadmissible until cured (section 35).

Registration

Compulsorily registrable under section 17(1)(b); present within four months (section 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

Notarisation does not substitute for registration.

Witnesses

Both parties sign; no statutory two-witness requirement was identified.

Request Stamp Paper

Sample preview — placeholder answers, not your data

RELEASE DEED BY A CO-OWNER

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.

RELEASE

Scope: X. Effect: Releasor extinguishes stated co-ownership share in favour of existing co-owner.

CONSIDERATION

Release is without monetary 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

X

DISPUTES

X

REGISTRATION / RECORD

Present before X and complete the consequential local record update.

LEGAL BASIS

Punjab: Article 55 classifies a release. Because this deed extinguishes a co-ownership right in immovable property, section 17(1)(b) requires registration; section 23 gives four months. For Punjab development-authority property, section 43(7) requires previous permission. 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 the immovable-property release. Sector property must then be reflected in the Estate Office file under the 1952 Act/2007 Rules. The stamping and registration notes give the Chandigarh lines.

PERSONAL DATA NOTICE

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

The purpose of collecting personal data in this co-owner release deed is to identify the existing co-owners, extinguish the releasor stated property share or claim, and support registration and title-record changes.

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.

Personal-data instruction: I consent to the collection and use described in the Personal Data Notice.

SIGNATURE

 
 
______________________________
Signature
Releasor: X
Place: ____________________
Date: 1 April 2026

Questions about this document

Does the Release Deed by a Co-Owner need stamp paper or stamp duty in Punjab and Chandigarh?

Punjab: Article 55, Schedule I-A, Indian Stamp Act 1899 — duty is remitted IN WHOLE on a lifetime transfer to a "blood relation" (child, grandchild, brother, sister; parent/spouse NOT covered — Order S.O.28/C.A.2/1899/S.9/2014); otherwise no published rate — ask the Sub-Registrar. … Chandigarh: blood-relation transfers are exempt; its calculator shows Rs 15 (simple release) or 8%/6% (unancestral, in/outside MC area) — confirm first.

See the full position on stamp duty, registration and witnesses
Does the Release Deed by a Co-Owner need registration in Punjab and Chandigarh?

Compulsorily registrable under section 17(1)(b); present within four months (section 23).

See the full position on stamp duty, registration and witnesses
What does the Release Deed by a Co-Owner cost on Kagaznama?

Free.

Documents are free. Only kits are paid.

Does the Release Deed by a Co-Owner need witnesses?

Both parties sign; no statutory two-witness requirement was identified.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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