Legal Question in Real Estate Law in India
please let me know, if there is a father's self acquired property. and he wants to distribute his properties to siblings, then whether it would be necessary for a partition deed between them? that means whether it is meant for joint property? and siblings are called as coparcenaries?
4 Answers from Attorneys
Yes you need a partition deed, which has to be registered after paying stamp duty. Partition can be effectuated on both self acquired and joint property. In self acquired property siblings are not coparcenaries.
Kind Regards
Setu Niket
Advocate
9873109672
No .He needs to will/gift it to his children by mentioning the portions given to them .......Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
Self acquired properties do not have status of joint property or coparcenary property.
However, a self acquired property may be gifted or willed.
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