An immovable property can be transferred by one person to another person through various instruments/registered deeds/documents. Some of them are discussed here.

• GIFT DEED

A gift deed means that a person has transferred his immovable property to another by way of gift, i.e. no consideration for such transfer has been received by the person transferring the property from another. If the value of the property being gifted is more than INR 100/- the same is required to be registered before the Registrar.

• SALE DEED

A sale deed means that a person has transferred his immovable property to another by way of sale, i.e. a consideration for such transfer has been received by the person transferring the property from another. Mostly, in case of transfer by way of sale, an agreement to sell the property is entered into between the parties so that either party cannot withdraw from such sale at a later date after one party has complied with the conditions of the agreement and has acted upon the same.

• RELEASE DEED AND RELINQUSHMENT DEED

A release/relinquishment deed means that a person has transferred his immovable property to another by way of releasing or relinquishing his rights in the property in favour of another. For the same he may or may not receive consideration from the beneficiary in whose favour the rights/share has been released.  This is mostly done in cases where the property is a coparcenary property/joint family property, and a member/coparcener wants to transfer his shares in the property to another coparcener. The same is required to be registered before the Registrar.