Transferring property within the family can be done smoothly—if you choose the right legal route. Here are the most common methods:

Gift Deed

• Transfer without monetary exchange—done out of love and affection

• Must be registered at the Sub-Registrar’s office

• Stamp duty varies by state (often discounted for family transfers)

• Irrevocable once registered

Relinquishment Deed

• Used when a co-owner gives up their share to another co-owner

• Common in inherited properties

• Must be registered to be legally valid

• No money involved unless specified

Will & Inheritance

• Property passed on after death via a registered Will

• If no Will, succession laws apply (Hindu Succession Act, Muslim Law, etc.)

• Requires probate or succession certificate for legal transfer

• No stamp duty on inheritance

Family Settlement Deed

• Used to resolve disputes or divide property mutually

• Avoids litigation and ensures clarity

• Must be signed by all parties and registered

• Stamp duty may apply depending on terms