Release Deed(ಬಿಡುಗಡೆ ಪತ್ರ)
A registered instrument by which a co-owner relinquishes their share in a jointly held property in favour of another co-owner. If executed without monetary consideration, it attracts a fixed stamp duty of ₹1,000. If consideration is paid, it is treated as a sale and attracts the same slab rates (2/3/5% on max of consideration or guidance value).
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