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Vipul Sachdeva   27 January 2024

Registry of family owned property

Hi,

We have 4 floors in Delhi belonging to the family (father + paternal). Few years back, we got a builder to reconstruct the building and sold a floor to them. Our grandfather, in his will, has mentioned which floor belongs to whom but there is no official registry done for each owner.

1. If we want to register our floor, how do we proceed? Can we register one floor only? The remaining two may not agree because of the cost involved.

2. What's the process and the price?

3. If we want to sell the floor in future (without the individual registry), will there be issues or will the price drop? What will be the process then?



Learning

 6 Replies

T. Kalaiselvan, Advocate (Advocate)     27 January 2024

Unless and until the floor wise registration done on individual name, the individual cannot claim title, if so he or she can't sell the property.

kavksatyanarayana (subregistrar/supdt.(retired))     27 January 2024

As there is no registered deed, now the legal heirs shall divide the property by a registered deed and then each individual can enjoy as they like.

Vipul Sachdeva   29 January 2024

It needs to be done for all? Or can one person do it for their floor

kavksatyanarayana (subregistrar/supdt.(retired))     30 January 2024

All the legal heirs shall attend and execute.

Vipul Sachdeva   30 January 2024

One last question - someone told us that we can alternatively have an undertaking/NOC executed by each floor owner that they have no objection if the property is sold. See attached. Will we still need registration individually?


Attached File : 954662 20240130232330 img 20240130 232222.jpg downloaded: 115 times

kavksatyanarayana (subregistrar/supdt.(retired))     31 January 2024

Undertaking or NOC is not sufficient. All the legal heirs shall attend and execute.

 


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