Legal Question in Landlord & Tenant Law in India
My uncle(fathers brother) wants to sale his land but problem is that we want to purchase it but hi wants to sale to other party. on 7/12 papers both my father and uncle are having name. what action need to take.?
kindly guide
Pune-57
Asked on 5/24/13, 3:01 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
24.05.2013
Dear Kishor,
You should negotiate with your uncle the price that the third party is willing to pay for the land and payoff your uncles proportionate share to make the land in your name. So if your father and uncles share is 50% and the third party is willing to pay say Rs, 10,00,000/- for the land, you should make a fair assessment and negotiate it with the third party at say Rs. 9,00,000/- and pay off your uncle Rs. 4,50,000/- to get the land title in your name.
Regards,
Answered on 5/24/13, 6:59 am
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