amit jain
14 March 2010 at 11:08
Whether stamp duty attracts when a partner introduces immovable property as capital into a a partnership firm??
OR
For example, there are two parties, form a partnership , in which one partner brings his immovable property into the firm as capital valuing Rs. 50 Lac and other partner bring Rs.50 Lac as cash with an objective to construct a shopping mall on the said property. Then in this case, Is the stamp duty applies??
And if Yes, that at what value the stamp duty shall attarct, at the value of Rs.50 Lac or at the market value of the property brought into partnership
Clayton Mendonca
13 March 2010 at 23:59
1) Indian Christian person had self acquired property in Utan Taluka, Bhayandar, Thane District, Maharashtra.
2) Person died intestate in 1965.
3) Person had two children ChildA and ChildB and both of them also died intestate in 1975 and 1990.
4) ChildA had two children GrandchildA1 and GrandchildA2.
5) ChildB had two children GrandchildB1 and GrandchildB2.
6)GrandchildA1, GrandchildA2, GranndchildB1 and GrandchildB2 are all alive today.
7) Grandchild A1 came to know that Grandfather had 15 gunthas of property worth 15 lakhs in a village in Utan.
8) The other grandchildren were not aware of the existence of this plot.
9) GrandchildA1 wanted to sell this property to a buyer for 15 lakhs without the knowledge of the other three grandchildren.
10) GrandchildA1 advertised in a Marathi newspaper the following - I, Mrs. GrandchildA1 is the sole survivor of Mr. Grandfather, owner of 15 gunthas, survey no 123/25 of Utan Taluka. I want to sell this property to Buyer1. If anyone has any objection to selling of this property, they should raise objection within 15 days or else this property will be sold to Buyer1.
11) The other grandchildren have now come to know of this and have informed the buyer that he could be in trouble if he buys this plot without getting their signature.
12) What action can now be taken against GrandchildA1 by the other grandchildren? Also, can they file a police complaint against her and under what section of CrPC?
Please give your learned suggestions.
Thanks in advance and regards,
Clayton
rajesh
13 March 2010 at 20:26
sir,
my grandfather purchased a property in mumbai suburban in 1975.in 1980 he attached with his freind for devlopment.that man cheated grandfather and 6 other person by taking advance .withought completing same he ran away,than my grandpa made agreement with other devloper,that man completed remaining work but he alloted a flat to a lady.now that lady had captured all 8 flats and taking rent of that 8 flats.still all doccument is belongs to us.now i want to sell that property and want to get rid of case filed by that 6 mans who had given advance.my grandpa,that lady.freind & othres are accused in same.so what is your suggations.the case is still not came on board and the main accused freind died in 2006.
Anonymous
13 March 2010 at 17:18
Sir.
My father has sold the ancestral property before four years ago but now it is come to our notice can I cahllange that registery now. kindly advice.
Anonymous
13 March 2010 at 16:10
Which document one has to draft for the distribution of the property?
One father has been owning one bunglow and he has three sons . first is mentally retarded and other two are also staying with him. Second son wants to stay with the parent. but third son wants to purchase another bungalow. Second son has agreed to finance the third son.
Now father wants to transfer his bunglow to second son.
which document that father should prepare mentioning above facts.
Anonymous
13 March 2010 at 13:22
Sir,
A father had total ancestral 9 acres of agrriculture land.He has three sons and two daughters all are married.He has not given any share to his sons/daughters but he made the decree in faour of two grandsons whereas he is having four grandsons.Kindly let me know wheather this decree can be challenged in the court.
Nowfal
13 March 2010 at 13:14
I am a muslim NRI residing in Qatar. We have land in kerala, India in the name of my mother and father, both are passed away. I have only a sister, she is a minor, 15 years old.
Is it possible sell my property now? If possible, How much will be her share? I am ready to purchase land in my sister's name which is equals to her share in the land. Further more my grand parents are still alive and they have no claim / objection in selling the property. Please help me by providing an answer.
Anonymous
13 March 2010 at 12:21
We are in joint hindu family.My grandfather had 9 acres of agriculture ancestral land received from his forefathers.After the death of my grandfather the land came on the name of my grandmother and my father 1/2 share each. Now after the death of my grandmother the same land came on the name of my father. My question is that wheather this land will be treated as ancestral property or not.If not please tell me why.
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Puchase / Gift of property to institutions
Dear Sir,
My client wants to donate his agricultural property to a church & the church is willing to receive the property. now my query is there any bar / limitations under the Karnataka Land Revenue Act 1964 or the Karnataka Land Reforms Act,1961 for the this transaction. whether the church can accept the agricultural lands & can it be registered in the concerned Sub Registrar's Office. 2) if yes, which type of document is beneficial to either parties, whether it is Sale Deed or the Gift Deed?