Anonymous
29 March 2011 at 00:14
Hi,
I own a flat which i bought with my earnings when I was bachelor. Then I had made my mother as co-owner of property. This was done because I was out of india and needed her to be named co-owner so that I can easily apply for resident loan (since she was in india). Now the property has we both (me and my mother) as co-owner. I have 2 brothers and a sister (they all are nice and know that the property is mine) and i dont want to get into a bad situation later. Below are my two queries,
1. I need advice on legal steps to get full rights of the propertly.
2. Property is in NCR but my mother lives in other place (Parental house - different city). My question is, can these formalities be completed in the city where my mother is present (that way I can avoid un-necessary travel for her)
Anonymous
28 March 2011 at 23:42
Dear Sir,
Mrs.A(sister) was out of country & had given only notorised GPA to Mr.B(her brother) with out regitering the GPA to buy a property. In the Encumberence certificate it clearly says the property is in the name of Mrs.A. Now Both Mrs.A & Mr.B are in India.so is there any legal problem?can i buy this property?will i get a home loan if the GPA is not registred? kindly advice how should i go about it.
Thanks,
Goutam
28 March 2011 at 23:35
Power of Attorney related to Immovable Property and it is Registered
The following provisions relating to Power of Attorney whether it is GPA and SPA have been mentioned in which Bare Act or in which Section of any Act.:-
Provision :-
1. It is the rule that after the Death of Power of Attorney maker the Powers which are given to attorney Holder also relinquished.(comes to an end.).
2. Then he (Attorney Holder) has no right to do work on the basis of Power of Attorney.....
Plz solve these two queries............
Anonymous
28 March 2011 at 20:37
I have inherited a immovable property by will excuted by my mother . she made me the sole and absolute owner of the property without giving me any rights to elinate the said property. she as said that my daughters can take equal share of the property who are now minors . still 8 years is left for my first daughter to attain 18 years of age. My question is can i lease my property with a house built in it for lease . do i have the right ?
shiv shankar
28 March 2011 at 17:33
if the vendor is not agree to sale the land through cheque payment and the company is bound to purchase the land in cash (the company has cash balance to purchase the said land), than whether this expense is allowed for deduction as the company has the business of selling and purchasing land.
if it is disallowed than what are the limitation of cash purchase.
saroja
28 March 2011 at 17:07
X is a company interested to buy certain Agricultural property in Karnataka from Y and enter in to an Sale agreement with a condition that Y must convert the land into NA purpose then sell the same to X company- Is this sale agreement valid in the eye of law (as per Karnataka Land reforms Act)
In karnataka,As per Karnataka Land Refrms Act an non agriculturist/company can not purchase agricultural land
slkadam
28 March 2011 at 16:14
Hello,
What is to be done in the case where we have possession of agri. land for more than 20 years and doing agri. activity on the same in the state of Maharashtra, but the land is not in our name.it is in the name of another man under " Kul-kayda"
Can we claim for the ownership of land ?
Please advice.
Ashok K Gupta
28 March 2011 at 16:00
Dear Experts
There were four claimants (all sons) to the property of my grandfather. They had mutually divided the property amongst themselves through a Property Agreement. Now my father had been able to purchase the share of one of the property-shareholder at a cost of Rs. 5.50 lakhs.
My friends and relatives are advising to get the sale deed duly indemnified through Registration i.e. get the property registered in our name. I suppose the registration will cost approx 1 Lakh as per our municipality is concerned.
Though I have least information about property sale-purchase. Out of my curiosity I want to know if the same share of property can be gifted to us. If yes, whether there will be any financial burden to us.
There are every scope that one brother can gift the share to his brother without any financial provision.
In short which medium of obtaining a property you will advise? Registration or Gift. And what would be the financial burden to us?
Kindly also enlighten the Pros n Cons of dealing in property.
Ashok K Gupta
09471191644
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Uthara pathra for biforcation site of 15*40 out of 30*40
Hi All,
Thanks for your update for my previous query. I have purchase the land of 15*40 out of 30*40 which is DC conversion land with "A" Khatha and Khatha is also get transferred to my name but Bank executive is asking for Uthara pathra for the same with Khatha. when I have asked BBMP people who transferred Khatha to my name they said that Uthara pathra will not come for biforcation site (15*40 out of 30*40). I am bit confusing with this.
Can any please advise.
Thanks in advance.