Transferring property within the family can be done smoothly—if you choose the right legal route. Here are the most common methods:
Gift Deed
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Transfer without monetary exchange—done out of love and affection
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Must be registered at the Sub-Registrar’s office
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Stamp duty varies by state (often discounted for family transfers)
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Irrevocable once registered
Relinquishment Deed
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Used when a co-owner gives up their share to another co-owner
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Common in inherited properties
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Must be registered to be legally valid
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No money involved unless specified
Will & Inheritance
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Property passed on after death via a registered Will
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If no Will, succession laws apply (Hindu Succession Act, Muslim Law, etc.)
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Requires probate or succession certificate for legal transfer
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No stamp duty on inheritance
Family Settlement Deed
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Used to resolve disputes or divide property mutually
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Avoids litigation and ensures clarity
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Must be signed by all parties and registered
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Stamp duty may apply depending on terms
