Partition Deed
Kumar Krishan Agarwal Advocate
(Querist) 10 February 2010
This query is : Resolved
Dear Ld Friend,
1. A father makes a partition deed for his two children into which one is minor and one is of competent age (major) will the partition Deed is possible in law as Valid to be registered under Registration Act.
2. If the value of the each share is 1 Lakh each then how much stamp duty the father will has to give on Rs 2 Lakh Property.
3. Will the sign of minor is valid in law on the partition deed ? Or needs no sign of any children.
4. Would the Non Judicial Stamp is must for writing the partition Deed ? Or On Simple Plain Paper is sufficient for a Partition Deed to be written ?
Any other new things knew about partition Deed Please let me know.
N RAMESH.
(Expert) 11 February 2010
1. Yes valid. Minor is capable of receiving any benefit.
2. 1% (one percent) of the value of the property under partition or maximum of Rs.10,000-.
3. Minor can not sign but his father as natural guardian can the partition deed.
