Advocate@Law Field
21 April 2016 at 12:21
Hi everyone,
I and my sister wanted to buy a property jointly but when I approached Banks they informed me that they dont give loans to two unmarried sisters as to avoid litigation in future. Therefore by we both mutually decided to apply for loan in my name and executed an agreement in my name only and purchased a Flat. However, My sister is paying her contribution towards EMI. Now, I want her to be joint owner of the flat alongwith me so she can also get tax benefits as well as other advantages of being joint co-owner. My query is_
1. which document may I execute with my sister and get it registered?
2.As the property is mortgaged with bank is it legal to execute any such document?
3. If so,will be she entitled to get tax benefits as I am getting from same property?
4. Add your suggestions if any.
Thank you in advance.
yash doshi
21 April 2016 at 12:05
I had got into a partnership with some1 in 2011...i had given the bank my residential property as a collateral...bt i was cheated and was made a non executive director instead of the promised shareholding and remuneration...i had written to the bank several times to close the facilities in these 5 yrs bt the manager was hand in glove with the opp party..nw the acc has been nw declared NPA n the matter is in the drt...please suggest solutions to act upon to safegaurd my property and put this person behind bars for fraud.. thank you
Ramesh Baliram Lute
21 April 2016 at 03:08
Please refer my earlier query. In view of repeated follow up society now agree to refund amount in instalment due to financial crunch. Till date they have refunded Rs. 2,00,000/- , I have not file the case in consumer forum . If society has refund entire amount , what documents I have to be obtain / given from/to the society. Is there any income tax compliance on my part in future if society sell the entire housing project.
Dr Sangh Mittra
21 April 2016 at 00:43
Sir,
Was it mandated/ necessary/required for the Land Acquisition Collector to serve personal Notice by name upon the registered Landowners in an area where the Notification under Section 4(1) of the Land Acquisition Act 1894 was issued?
In Md Shafi case the Hon'ble Court has held that the purpose of Section 4(1) Notification is to awaken the Land owners likely to be deprived of their lands of their rights to file objections to the Land Acquisition as to the Public Purpose qua their pieces of individually owned land?
What was the legally acceptable method UNDER LA Act 1894 , interpreted by the Courts, of informing the Land Owners who were not the residents /nor inhabitants/ nor hadany relations nor any one staying on their piece of Land; in the area where Land Acquisition process was initiated and objections were required to be filed within 30 days?
What would be the legal position qua a Landowner's individually owned piece of Land when he could not file objections on not being informed/ nor intimated being in Central Govt Service staying far away from the locality where hi spiece of Land was situated; if the objections were duly filed by the Secretary of the House Building Society ( a society which had never purchased the land , nor owned the Land and was voluntarily comprised of individual title plot owners with a tentative lay out plan ) and such a Secretary was given the hearing by the Land Acquisition Collector and as a result thereof Land Acquisition Collector had recommended that "an officers colony is being developed", "filed jointly for release of land" and under Section 5A made report that the land be exempted from inclusion in Section 6 declaration? If in the said Report of the Land Acquisition Collector the khasra numbers of individaul land owners were duly mentioned and situated in the tentative lay out plan of the Society.
What would be the consequences if Land Acquisition Collector who had prepared the Report under Section 5A was transferred and the Joint Site Inspection Committee with the Successor Land Acquisition Collector undid the recommendations of the transferred out Land Acquisition Collector?
What if the State Government while considering the Report of the Land Acquisition Collector and that of the Joint Site Inspection Committee chose to accept the Report of the Land Acquisition Collector only expressly in file noting in which the piece of Lands of individaula land owners in the Society had been excluded from declaration under Section 6? In other the proposal of the Land Acquisition Collector to exclude land was proposed to be accepted and was accepted.
What if in the Declaration under Section 6 only the recommendations of the Joint Site Inspection Committee were only reflected which were in contravention to the recommendations of the Land Acquisition Collector and in contravention to the approval of the Government of the State.
And could now the Respondents State, Development Authority and Town Planning all say by an affidavit filed by the Land Acquisition Collector on the filing writ Petition , on the representation to the state to release my land having been rejected that since the individual Land owner had not filed objections he could not challenge the same?
Kindly advise.
With Regards,
Dr SM
drroshnijustin@gmail.com
Pravin
20 April 2016 at 16:28
What is the procedure for filling intimation of title deposit for home loan. Plz provide details procedure and also the documents required to be filed to the registrars office.
rupal
20 April 2016 at 14:44
sir... if any private sector bank executed memorandum of entry in gujarat.... does it mean bank have charge on tht property??? plz guide abt memorandum of entry in gujarat
V.R.Chandrasekhar
20 April 2016 at 14:13
I intend to Gift the immoveable property standing in my name to my wife, son and daughter in law. Son and daughter in law are staying abroad.
If POA is furnished to my wife by my son and daughter in law, can the gift deed be executed pr all the three should be present for registration of gift deed.
Kilndly clarify
pravin jadahav
20 April 2016 at 11:58
i want to know what is new rule in maharashtra to remove remark of kul kayda
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