Release Deed (Relinquishment of Inherited Property Share) Format & Template
Wills & Succession · ₹50 · ~8 min · Sign in free, fill the guided form with a live preview, pay to download.
Stamp paper required — state stamp duty on release/relinquishment deed. You'll receive the draft; e-stamping is done separately per your state's rules.
What is a Release Deed (Relinquishment of Inherited Property Share)?
A release deed (or relinquishment deed) is how a co-owner of inherited property gives up their share in favour of another co-owner. It is typically used among legal heirs — siblings settling a parent’s house so that one of them holds it outright.
A release can only be made in favour of an existing co-owner; giving a share to an outsider is a sale or a gift, not a release. Because it transfers an interest in immovable property, a release deed must be stamped and registered.
When to use it
- Siblings have inherited a parent’s property and some want to give up their share to one of them.
- A family is consolidating inherited property in one name before selling or taking a loan.
- A co-heir is being paid for their share and the payment should be recorded with the release.
What you'll need
Keep these details ready — the form asks for them in this order.
Releasor
Releasor full name · Releasor address
Releasee
Releasee full name · Releasee address · Relationship between the parties
Property
Property description · Consideration, if any — leave 0 if none (optional)
Execution
City · State · Execution date
How it works
Enter releasor and releasee
The heir giving up their share and the co-heir receiving it, with their relationship.
Describe the property and inheritance
The property with its schedule, and how the parties came to own it (from whom, when).
State any consideration
The amount paid for the release, or 0 where it is made without payment.
Preview, pay and download
Check the draft, pay ₹50 and download it for stamping and registration.
How to make it legally valid
- Stamp duty at your state’s rate — many states offer a concessional or fixed rate for releases between family members.
- Registered at the Sub-Registrar office where the property is located.
- Signed by the releasor, with two witnesses.
- Made in favour of an existing co-owner of the same property.
Stamp paper. Stamp duty on a release deed is set by each state and often depends on the relationship between the parties and whether consideration is paid. Confirm with the Sub-Registrar.
Common mistakes to avoid
- Using a release deed to transfer a share to someone who is not a co-owner.
- Not registering the release, leaving the releasor’s share legally intact.
- A property description that does not match the inheritance records.
- Heirs releasing their share before the succession or legal heirship is documented.
Ready to prepare your Release Deed (Relinquishment of Inherited Property Share)?
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This is a self-help template for common situations — it is not legal advice and LawMitran is not a law firm. Need help with your release deed (relinquishment of inherited property share)? Find a property law lawyer · Legal documents FAQs.