MOU legal validity and registration is required

cddevaraj (Querist) 18 November 2016 This query is : Resolved
Sir, what's the legal validity of MOU, registration is required and Stamp duty at Karnataka
DEVARAJ

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Devajyoti Barman (Expert) 19 November 2016
give background details of your query.
Only agreement is required to be registered in certain circumstances ,not MOU which is not a concluded contract.

Sankaranarayanan (Expert) 19 November 2016
It seems academic query , find the solution by book or by the concern

R.K Nanda (Expert) 19 November 2016
academic query.

rajeev sharma (Expert) 19 November 2016
MOU is also an agreement and is governed by the provisions of Registration Act

Rajendra K Goyal (Expert) 19 November 2016
Academic query, state material facts of the problem if any.

How are you concerned with the query?

cddevaraj (Querist) 19 November 2016
We four brother's jointly developed property to residential, now we wanted to divide our share according to our RTC , for Income Tax filling

kavksatyanarayana (Expert) 19 November 2016
then you have to go for registration of Partition deed to be executed by all the legal heirs of that property.

Dr J C Vashista (Expert) 21 November 2016
Seek services of a local professional lawyer.

Rajendra K Goyal (Expert) 21 November 2016
Can enter into a partnership.

rajeev sharma (Expert) 22 November 2016
You may execute a MOU and get it registered too. For stamp duty consult a local lawyer.

RAVI K GOUD (Expert) 24 November 2016
MOU will have a legal validity if it registered. In your case you can have supplementary agreement/MOU among your brothers for the demarcation and entitlement of flats according to your individual shares and the same has to be registered to get legal title on your share. You can show your share individually in the returns for the Income tax filing. (OR)

You all can execute the Partition deed and the same has to be registered for all legal purposes.

Rajendra K Goyal (Expert) 24 November 2016
May proceed as advised by the expert RAVI K GOUD.

cddevaraj (Querist) 29 November 2016
Sir,please guide what's the registration fee for MOU among cosines,,total 68 sites total value 1-5 crore

Rajendra K Goyal (Expert) 05 December 2016
The charges differ from state to state, discuss with your lawyer.

Since the deal is big, it is better to take professional assistance.

Guest (Expert) 05 December 2016
Check with the concerned Registrar Office about Stamp duty and Registration Fee.Even the Senior Document writers at Registrar Office would guide you well in preparing the documents and executing the Registrations.

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