Funds to buy property , but no records available now
Priyanka
(Querist) 16 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
Anirudh
(Expert) 16 February 2016
Whether your grandmother, in whose name the property has been purchased, is alive now?
Rajendra K Goyal
(Expert) 16 February 2016
Whether the land is registered in the name of your Grand mother, and is she alive?
Rajendra K Goyal
(Expert) 16 February 2016
Repeated query:
http://www.lawyersclubindia.com/experts/Funds-to-buy-property-but-no-records-available-now--584651.asp#.VsLb6_l97IU
Priyanka
(Querist) 16 February 2016
Dear Sir,
Property was bought in the name of grand mother , She died in year 2004 and left the registered will in the name of father WILL registered in 1988
Anirudh
(Expert) 17 February 2016
Why did you not tell this vital information in your first post.
When there is a Registered WILL in favour of your father, unless your uncle propounds another WILL, where is the problem?
Your father has to seek probate of the WILL through a Court (though probate of will is not required in Delhi, yet since your uncle is staking claim for the property, obtaining probate becomes a must).
Please get in touch with a lawyer.
