Hindu undivided property
Guest
(Querist) 21 January 2014
This query is : Resolved
What are the essential documents to be produced when buying a HUF property and how does the same reflect in the sale deed ? , as opposed to a family member buying property through his savings supported by his parents and siblings who help him financially ?
V R SHROFF
(Expert) 21 January 2014
Ask specifically with details of transaction you wish to deal with .
General Query looks to be academic
Guest
(Querist) 21 January 2014
Sir,
Father(F)& Mother (M) have 1 Daughter (D1) and 3 sons S1,S2,S3.
S1, then married, bought a property with help financial help from F, S2 and S3, 30 years back(S2 and S3 then unmarried).
The title deed and the purchase agreement ONLY mention S1's name, and no HUF entity or names of F,M,S2 or S3 in these documents, except that F & S2 have signed as witnesses.
F & M are no more, and S2 and S3 now claim this is HUF property by virtue of their financial contributions (~10% each) and want a EQUAL share in financial and property benefits of redevelopment. D1 is settled abroad after marriage for >30 years, and has neither contributed to purchase nor is asking for a share now.
Does the property qualify as HUF property ?
What documents do they need to produce to call it HUF property?
