Legal Question in Family Law in India
My wife has asked for a divorce by mutual understanding, after a span of about 12 years.During our marriage, we had purchased a flat in Mumbai by contributing equal amounts (Agreement value of the said flat being about 4.5 lacs.)My wife, at the time of seeking divorce mutually,has demanded half of the flat value from me. At what value should the settlement be made-cost price(as per the agreement),current market price, or the current value as per the Ready Reckoner?I do not have any other property anywhere.She is a medical professional and has a very good earning as compared to me.
3 Answers from Attorneys
It is advisable to give her the market value of your flat or else she can create lot of problem(s) for you.
you need to send the copy of settlement deed made at the time of divorce by mutual consent. only after going through the same, the opinion can be given.
you have to pay her at market value but you can negotiate for less as it is mutual consent divorce.
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