Legal Question in Real Estate Law in India

Property Distribution

Hello Sir:

My parents are deceased and they left me and my brother a small house. Can you please advise what would be the proper procedure if my brother wants to buy my share of the house. What needs to be done as far as deed is concerened ?

Best Regards.


Asked on 9/04/08, 2:45 pm

2 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Property Distribution

There are two ways of this transaction :

(a) you may draw a family settlement whereby one brother relinquishes his share in favour of the other.

The family settlement may be got registered with the local authorities like any other document.

(b) You may execute a proper deed of transfer - either a Gift Deed or a Sale Deed in favour of your brother.

Whatever you decide, you may contact the local 'deed - writer' for writing the document on proper stamp paper; and get it registered.

Read more
Answered on 9/04/08, 3:34 pm
Shrichand Nahar S.V.Nahar, Advocate

Re: Property Distribution

You can either opt for a sale deed or a gift deed, depending on your taxation aspects.

Read more
Answered on 9/05/08, 1:09 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India