Any family settlement of part of ancestral property is valid excluding property in respect  of which  there is some dispute. To avoid penalty and ensure validity of settlement it advised that it be registered mentioning that it is settlement covering only part of property.

For Deed of relinquishment registration is mandatory 

Stamp duty would depend upon market value of share relinquished 

it varies from state to state 

deed of family settlement can be for some properties 

Nomenclature does not make a difference 

it is contents of document executed which is considered 

registration of relinquishment deed is mandatory 

A document requiring registrar if not registered can only be regularized by payment  of penalty ten times of deficit stamp duty. It is safe to get the document registered. The stamp duty under Stamp (Goa, Daman and Diu ) Act is around 2 per cent of government  market value  and fixed charges of 1K.

A partial settlement deed if enforceable ie all parties agree to it and it is a practical solution to settle what can be settled, is perfectly legal and valid in a court of law. Registration is necessary so as to avoid further and future litigation.

It would be a family arrangement/settlement and all tge shareholders must sign and register the documents. Owners should take possession. 

1. It's better to bring all the movable and immovable properties under the Family Settlement Deed. However, it can also be done for some properties also.

2.  If Sisters are ready to relinquish their shares in your favour, then let them execute a registered Release Deed relinquishing their individual share in your favour in the Office of the Sub Registrar. 

3.  To get legal validation of the property, registration is a must. Unregistered document or Release ( Relinquishment ) Deed will not be admitted as a legal document in Court.

4.  Whatever money or without money, your sisters are ready to accept, can be mentioned in the Release Deed.

5.  If some co-owners relinquish their shares in your favour, the deed will be called as Release or Relinquishment Deed, which can also be called as family settlement deed.

Dear Sir

A family settlement is valid for part property as well. 

As under the Section 17 of the Indian Registration Act 1908, a family settlement that claims to allot the immovable property must be compulsorily registered to ensure that the partition deed is valid.

Thank you

1. Settlement of one or part of a set of properties  is legally valid.

2. Relinquishment of shares by sisters are required to be documented by registering the Relinquishment Deed before the Sub-Registrar.

1. If the said relinquishment is as a result of a family settlement, then a settlement deed can be registered by all the stake holders/family members.

2. In the said matter no separate partition deed is required to be registered since the property has already been partitioned by mentioning the same in the said settlement deed.

Family settlement deed can be executed by a registered document for some properties alone also by excluding other properties in this settlement deed.

It is mandatory  to execute the  transfer of immovable properties either by release deed  or settlement deed by  registered document.

Without registration the proposed relinquishment deed shall not be legally valid. 

It is mandatory  to execute the  transfer of immovable properties either by release deed  or settlement deed by  registered document.

The stamp duty payable would depend on the value of the property.

The stamp duty differs from one state to another, hence it may be enquired  from the local sub registrar office.

Whether some co-sharers have relinquished their shares or not, the proposed division of properties may be done either by a family settlement/arrangement deed or partition deed, it makes no difference for either of it as far as the applicable  stamp duty is concerned. 

Yes family settlement and partition deed is mandatory and valid for the same. Even in case of Relinquishment deed if all the property is not covered then the separate settlement deed is required

Unless a registration deed has been signed by all parties, a partition or relinquishment of property between family members is not valid .

Relinquishment done through Relinquishment deed or other wise they entered as parities in Partition deed and mention about their willingness to Relinquish their claim over the property 

Registration of relinquishment Deed is mandatory. Rs. 100/- stamp is required for relinquishment Deed.

that called only relinquishment Deed and not family settlement Deed or Partition Deed.

if there is any dispute regarding the property then it will be better that after taking relinquishment Deed from the sisters, execute another deed of Family settlement cum partition Deed and registered the same for future safety if you have other siblings.

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- Yes, you can enter into a family settlement for partitioning the property , if all the claimant ready for the same , and it is advisable to register the same .

- As per law a Relinquishment deed must be registered from the office of registrar ,otherwise it is challengeable.

First you can register relinquish deed with the sub registrar and get the mutation done.

Later on go for partition deed according to new sharing ratio with remaining legal heirs according to mutation records.

Regarding valuation for legal heirs registration of relinquish deed and partition deed only registration charges and document handling charges has to be paid and not stamp duty.