Register release deed within four months of its execution
Release deed will attract stamp duty for transferring or releasing the deceased interest, depending on the state in which the immovable property is situated
One gets four months’ time to register the deed, gift or release, from the date of the execution of the deed
There is a flat owned by three brothers and one of them died recently. The property documents have his name. Can his legal heir execute that share as a gift deed to the other two brothers? Is gift deed the right option or will he have to use a release deed? Please advise.