RELEASE DEED (for Agriculture land)

RELEASE DEED

(for Agriculture lands)

              THIS DEED OF RELEASE is made and executed on this the ___________ day of __________ year by

Sri____________________ S/o, D/o, W/o. ____________________,
aged about __________ years, Occupation: ___________________
Resident of D.No. ________________________________________

Represented by his / her agent

Being minor represented by Father/Mother/Brother/Guardian

Sri____________________ S/o, D/o, W/o. ____________________,
aged about __________ years, Occupation: ___________________
Residing at ______________ under general / special
power of attorney dated________ Registered as Document
Number_____ of Year_____ Book IV of RO/SRO__________.

             

(Hereinafter called the “RELEASOR”)

INFAVOUR OF

Sri____________________ S/o, D/o, W/o. ____________________,
aged about __________ years, Occupation: ___________________
Resident of D.No. ________________________________________

Being minor represented by Father/Mother/Brother/Guardian

Sri____________________ S/o, D/o, W/o. ____________________,
aged about __________ years, Occupation: ___________________
Residing at ______________

             

(Hereinafter called the “RELEASEE”)

              The terms “RELEASOR” and “RELEASEE” herein used shall wherever  the context so admits mean and include their respective heirs, executors, successors, administrators and assignees etc.

              WHEREAS the Releasor and the Releasee are the sole and absolute joint owners of the agriculture land bearing Survey No. _____________admeasuring______Acres,______ Gts., Situated at___________________(Vill)____________________

(Mandal) ____________________Districts, which was inherited / having acquired the same from __________ through a sale deed / Gift /Gift Settlement/Partition/Will deed registered as No.­______ of ________ of S.R.O. ____________________ copied in Volume No. ____________________ at Page ____________vide pattadar pass book no_________ titledeed no_______ issued by______ M.R.O.

 

The scheduled property has been inherited by the Releasor and Releasee herein from Sri_____________ who acquired the said property by means of a registered Doct.no._____________ / by inheritance and he / she died intestate leaving the Releasor and Releasee as his / her legal heirs. Hence they have become co – parceners of the scheduled property.

WHEREAS the said property is fully described in the Schedule hereto

and more clearly delineated in the plan annexed with the boundaries

thereof shown in red color.

WHEREAS the parties hereto are unable to enjoy the said property

jointly and the said property is incapable of division by metes and

bounds for convenient separate enjoyment.

              WHEREAS the Releasor has decided to release his / their  __________ Joint right in respect of the above said property in favour of the Releasee and the Releasor has not taken any consideration from the Releasee in respect of the schedule property / taken Rs___________ towards consideration from the release in respect of the said released property which the releasor here by acknowledges.

NOW THEREFORE this Deed of Release witnesses that in

pursuance of the said offer the Releasor does hereby release

renounce, relinquish and disclaim his ___________ joint right, title,

and interest in the said property in favour of the Releasee to have and to

hold the same as absolute owner of the said property exclusively together

with ways, liberties, privileges, easements  and appurtenances belonging or

appertaining thereto.

1.           The Releasee shall hence-forth enjoy the said  property as

sole and absolute owner without any interruption or disturbance from

the Releasor or any person or persons claiming under the Releasor.

2.           The Releasor hereby assure the Releasee that he/she has

not encumbered  his/her ____________ joint right in the said property

and the Releasor shall indemnify the Releasee if any such

encumbrance is  found to exist.

3.           The Releasor hereby agree to do any further act for further

and more perfectly assuring the said property to the Releasee

exclusively/        The Releasor agree to co-operate with the Releasee to get

the said property mutated exclusively in the name of the Releasee in

Revenue Records.

5.                            There is  no House or any constructions in the said Land, if any structure is there the parties may be prosecuted Under Section 27  and read with  Sec. 64 of Indian Stamp Act besides recovery of the stamp duty.

6.                             The Releasor further declare that the schedule land is not attracted by the provisions of A.P. Land Reforms (Ceiling on Agriculture Holdings). Act. No. 1 of 1973.

7.                             The land is not an assigned land within the meaning of A.P. Assigned lands (Prohibition of Transfers) Act 9 of 1977 and it does not belong to or under mortgage to Govt. Agencies/Undertaking, And there is no house or any constructions in the said land if any structure is there, we may be prosecuted Under Section 27 & 64 of Indian Stamp Act.

8.                             The Vendor hereby declares that there are no Mango Trees / Coconut Trees/ Betal Leaf Gardens / Orange Groves or any such other gardens; that there are no mines or quarries of granites or such other valuable stones; that there are no machinery no fish ponds etc., in the lands now being transferred; that if any suppression of facts is noticed at a future date, I will be liable for prosecution as per law, besides payment of deficit duty.

9.                            There are no other co-owners to the said property except the Releasor and the Releasee.

SCHEDULE OF THE PROPERTY

              All that the piece and parcel of Agriculture Land bearing Survey No._________admeasuring Ac.______Gnts. / _______ Hectors, situated in ___________ Village ___________ Mandal _______  , Under the jurisdiction of Sub District _______and  Registration District ________ bounded by ,

              NORTH       :

              SOUTH       :

              EAST          :

              WEST         :

              IN WITNESS WHEREOF, the Releasor hereunto has set his hand to this Deed of Release on this day, month and year first above mentioned in the presence of the following witnesses:

WITNESSES :

1.                                                                     THE RELEASOR

2.