Can we make a partition agreement between family members of an undivided property owned by individuals
Arun (nil) 11 May 2015
Can we make a partition agreement between family members of an undivided property owned by individuals
Jeetender Gupta (Advocate) 12 May 2015
Advocate Ravinder (Advocate/Attorney) 12 May 2015
You can make either partition deed or family settlement deed but it should be registered in the sub registrar office. In Telangana the stamp duty is 1% on the market value. It will vary from state to state.
Ompal Aggarwal (Advocate) 12 May 2015
T. Kalaiselvan, Advocate (Advocate) 14 May 2015
The partition or family settlement if not registered loses its legal validity. That can become a corroborative evidence only in the event of any dispute in future in this regard. Better have an amicable partition and get the execution of the same by a registered document through the registrar's office.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
