Can a deceased co-owner's property in a CHS (Registered under Maharashtra Co-Operative Societies Act, 1960) be handled by preparing 'family arrangement deed' amongst the remaining legal heirs?
Suppose A(Husband) & B(Wife) are joint-owners of an immovable property in a CHS. They have one son (C) and one daughter (D). Wife(B) died a natural death in 2020. A & B are Hindus.
1. Can A, C & D make a 'family Arrangement Deed' amongst themselves for succeeding the shares in CHS flat of deceased co-owner 'B'?
2. Can family arrangement deed be notarized on a Rs. 500 stamp paper?
3. Or 'family Arrangement Deed' needs to be registered under the provisions of Registration Act, 1908 with Sub-registrar of Assurances ? If yes, how much stamp duty is payable ?