Sale Deed/Settlement Deed between married sisters?
Querist :
Anonymous
(Querist) 29 August 2010
This query is : Resolved
Dear Sir, I am a married lady. My father (80yrs--now alive) has made a Family Arrangement Deed in the year 2000(not registered) for dividing a plot of land(2400 sft) in CHENNAI, among his 4-married-daughters and subsequently 4-flats were constructed there.
Now if one daughter wants to sell her 1/4-undivided-share (i.e) 1-flat, to another daughter, what is that deed is called? Is it called sale-deed (or) Family settlement deed? (or) by any other name? Should it be registered?
Expecting an early reply Sir (E-mail: bcskal@rediffmail.com). Thanks.
Chanchal Nag Chowdhury
(Expert) 29 August 2010
The one daughter intending to sell her share to another may very well do so by selling her undivided 1/4th share to another by a registered Deed of Sale.
s.subramanian
(Expert) 29 August 2010
It can also be by a deed of gift since you happen to be blood relatives.
Rajeev kulshreshtha
(Expert) 29 August 2010
Sale Deed Or Gift Deed.It must be registered
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