Hi,
I am buying a site in Bangalore. The owner of the site has expired in 2004. He has 3 sons and no daughters. In 2005, his 3 sons have come to an agreement and divided the property of their family into 3 parts in a Panchayati Partition Deed. All the 3 have signed this Deed but the partition deed is not registered in sub-registrar.
The site which I am planning to buy has gone to the second son in the partition deed - He wants to sell the site to me without making his brothers know about the sale - as the site is going for big value now and his brothers might ask for some share in the money got from the sale.
For this reason he wants to get the partition deed done again and registered with the sub-registrar, which will allow full permission for him to sell the site to me without having to get signatures from this brothers for the sale.
1. Is this correct sale? What problems it could create to me in the future, if any?
2. Is it better to make brothers also know about the sale and have them as consenting witnesses even if the partition deed is registered?
3. Should the children's of the brothers also be mentioned in the partition deed? - If yes, and if the childrens are major, should they also be shown what property they will acquire?
Thanks,
Sunil Bale