RELEASE DEED BY A CO-OWNER
Releasor: __________, __________. Releasee: __________, __________.
EXISTING RIGHTS
RELEASE
CONSIDERATION
POSSESSION
AUTHORITY
DUES / DOCUMENTS
INDEMNITY
DISPUTES
REGISTRATION / RECORD
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.
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