Land partition

Your grand father was the absolute owner of property 50 acres land your grand mother does not have right to distribute to 3 sons. Under Hindu Succession Act,  1956 amended 2005 all sons  & daughters are coparceners  by birth and are entitled  for equal share of your grand father property.

kindly advice regarding LONG TERM CAPITAL GAIN 1,SUNITA GUPTA W/O SANDEEP & Dr sukhi PURCHASE PLOT NO-79 IN 2006 TOTAL COST RS-8,50,000/- thro mutual agreement ,purchase and transfer 2,SANDEEP PURCHASE PLOT NO-80 IN2007 TOTAL COST RS-17,08,780- IF BOTH OF US REPLASE PLOT WITH EACH OTHER IN APRIL-2013 THRO FULL & FINAL PAYMENT AGREEMENT WITH POSSESSION AND TRANSFER IN GOVT DEPT / TEHCIL (CIRCLE RATE 50LAKH) TO GET BENEFIT OF SEC-54 LTCG EXEMPTED SANDEEP CONSTRUCT HOUSE WITH 10LAKH IN 2013 on plot-79 SUNITA GUPTA W/O SANDEEP CONSTRUCT ONE ROOM SET WITH RS-15 LAKH IN FEB-2015 on plot-80 AND GET BENEFIT OF SEC-54 LTCG EXEMPTED kindly advice 1, if agreement at CICLE RATE 50LAKH 2,if agreement at market rate 70 LAKH IS THEIR ANY OTHER LEGAL HARDEL / PROBLEM sandeepgupta03@yahoo.in