Funds to buy property , but no records available now
Priyanka
(Querist) 15 February 2016
This query is : Resolved
Dear Sir,
My father bought a property in year 1972 in his mother name , as he was working since 1966 , at that time he used to save small amount of money and evventually bought a propoerty in mother name .
He has bought the property stamp paper of Rs-400 which bear his signature on back of SP .
All the dealing was in cash as that time not much people was aware of taxation system
Now my uncle filled a litigation that he ( my father ) cannot afford that money to buy the property at that time , and there father given money to buy the property after selling jewellery ( as he runs a jewellry shop in delhi ) .
There is no bank details with my uncle neither my grand father /Mother had any account in banks .
As my father was working since 1966 , we said he was earning and out of his saving he bought the propoerty .
We approach the bank if they can share the bank account details of my father by mentioning DD details , but they said as per RBI guidline they dont main data after 10 years . Now what should be do when no bank details are available ,
and also we dont have transations details of money of year 1972 ..
Please suggest me what to do as we are stuck and my father develp depression as he say that my propoerty will be divided away by my greedy brother .
please help me with you suggestions as i have to help my father .
regards
Priyanka
rajagopal.s
(Expert) 15 February 2016
Hi
We understand the problem. Need answers to the following:
a) Are you in possession of the property(say are you people living in the property) and for how long.
b) Is your grand mom alive ?
c) You might also have tax papers, electricity bills etc.
In the absence of any regular standard documents, You can claim adverse possession.
Priyanka
(Querist) 15 February 2016
Dear Sir,
Thanks for your reply , Below is my reply
A) since 1976 we are living in same property , property is our possession >
b) She died in 2004 >
c) MY father has pay slips , he doesn't come under tax act , electricity bills were in the name of dadi , after her death in 2004 it was T/F in my father name by registered WILL
Regards
Priyanka
(Querist) 15 February 2016
Dear Sir,
Thanks for your reply , Below is my reply
) Are you in possession of the property(say are you people living in the property) and for how long.
b) Is your grand mom alive ?
c) You might also have tax papers, electricity bills etc.
Regards
Priyanka
(Querist) 15 February 2016
Dear Sir,
Thanks for your reply , Below is my reply
) Are you in possession of the property(say are you people living in the property) and for how long.
b) Is your grand mom alive ?
c) You might also have tax papers, electricity bills etc.
Regards
Rajendra K Goyal
(Expert) 16 February 2016
Repeated query:
http://www.lawyersclubindia.com/experts/Funds-to-buy-property-but-no-records-available-now--584831.asp#.VsLb6fl97IU
