Release Deed executed by a Son (being a Benamidar) in respect of Property Purchased and Constructed by the Father by Shiva.

Release Deed executed by a Son (being a Benamidar)
in respect of Property Purchased and
Constructed by the Father

KNOW ALL MEN BY THESE PRESENTS that I, A.B., aged . . . . . years, son of C.D., resident of . . . . . . . . ., in the city of . . . . . . . . . . hereinafter for the sake of brevity referred to as the Releasor, which expression shall unless repugnant to the context include my heirs, administrators and assigns, do hereby declare, relinquish and release all rights, title, claim and interest which I might have or had in the land situate on . . . . . . . . .Road in the city of . . . . . . . . .and numbered  . . . . . . and the three-storeyed pucca house built thereon more specifically described in the Schedule hereto in favour of the said C.D., my father.

WHEREAS the said C.D., out of his own funds purchased the said land and from his own savings erected the three-storeyed pucca house, which now stands on the said land, having purchased the said two plots of land under a deed of sale, dated . . . . . . . . ., and registered on the . . . . . . . . . in the . . . . . . . . ., and registered on the . . . . . . . . .in the  . . . . . . . . .Sub-Registry Office as No. . . . . . . . . .in Book I, Vol. . . . . . . . ., on pages  . . . . . . . . .benami in the name of the Releasor out of funds belonging to him, but placed in the name of the Releasor in the . . . . . . . Bank.

AND WHEREAS the said C.D. obtained permission from the local Municipal Board for the construction of the said house also benami in the name of the said Releasor and all taxes in respect of the said house were whenever paid by the Releasor paid by cheques drawn on the said Bank and paid from the said account.

NOW THIS DEED OF RELEASE WITNESSES that I, the abovenamed A.B., do hereby declare and make known that the above transaction of sale was benami and the sanction to build the three-storeyed pucca house on the said two plots of land obtained from the local Municipal Board in the name of the Releasor also benami and that all payments made by the Releasor during the purchase or erection of the house or in respect of the taxes or cesses thereto, whenever made, were made on behalf of and from the funds of the said C.D.

That for the purpose of stamp duty and registration it is hereby declared that the said two plots were purchased at a price of Rs . . . . . . . . and the house built at a cost of Rs . . . . . . . . .and that the total value of the property hereby relinquished is not more than Rs . . . . . . . . .

IN WITNESS whereof I, . . . . . . . . . . . . . . . . . . . . . . . . . , the said Releasor abovenamed, have set and subscribed my hand, the day and the year first abovewritten.

Witness:                                                                       Sd. A.B.