Legal Question in Real Estate Law in India

Hello Sir, I and my 4 brothers jointly own the ancestral house bought by our father. Now we are re constructing the whole house and having 4 floors wherein 3 brothers will take the full floor (3 floors) and 2 brothers will share 1 floor i.e. front side of that floor by one brother and back side by another brother. The 3 brothers who will own the full floor will pay all the construction cost. Now we want to do the registry of floor/area allocated to each individual's name so that each brother can take decision to stay/ sell/ let the floor/area on which the ownership is resting with him. Please advise the process we need to adopt so that all brothers do have the original registered papers of their respective floor. Is Partition deed applicable or Relquishment deed? Do we need to pay stamp duty?


Asked on 2/07/13, 6:47 am

4 Answers from Attorneys
Setu Niket Curare Legal

If all brothers agree, get partition deed drafted showing respective shares, on the basis of that all brothers can then sell/alienate their respective shares. stamp duty will be charged accordingly.

There is no requirement to go to court.

Kind Regards

Setu Niket

Advocate

+91-9873109672

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Answered on 2/07/13, 7:02 am
Sanjay Kalra Sanjay Kalra & Associates

I have explained in detail........Please check Sanjay Kalra and Associates on the internet to know more about your query and the legal services we are rendering for our clients from all over the World.

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Answered on 2/07/13, 10:47 pm


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