Family settlement or partition deed?
Anil Sharma
(Querist) 21 June 2012
This query is : Resolved
Hi, We 6 brothers & 2 sisters are staying in Delhi in 8 seperate flats build on a land on my mother's name. our mother died a decade ago without a will. we pay our house taxes & electricity bill seperately. But there is no legal documents which can suggest that the flats where we are staying are in our individual names. there is only a sale deed available on my late mother's name from whom she bought the land.
My question is whether we of 8 brothers & sisters will have to go for a family settlement? OR we have to do the Partition deed? Have the both processes same legal stand? are both registered documents which will ensure clear title for 8 of us? which way we have to pay less?
Pls suggest. Thanks
Nadeem Qureshi
(Expert) 21 June 2012
Dear Querist
you have both the way, you can make a partition deed cum family settlement deed as per your family settlement and registered in the sub-registrar office, after registration you can file a mutation application and change the owner name in the property through this deed.
Feel Free To Call
Jai Karan Nagwan
(Expert) 21 June 2012
Go for family settlement, you would save registration money.
Dr J C Vashista
(Expert) 21 June 2012
Both the options have equal legal right.
Shonee Kapoor
(Expert) 21 June 2012
Family settlement is the best way out.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
