Help required floor ownership process and cost involved

Querist : Anonymous (Querist) 30 August 2020 This query is : Resolved
Hi,

We are living in a Joint family (4 brothers) and each floor is not in a specific individual name after builder re-construction (our late grandfather had it mentioned per floor ownership in his will before this re-construction). We are confused about what process needs to be followed since the cost is high as per our understanding and my father's brother's finances is not good so they don't want it for now.

Can we still get our floor under father's name so that we might transact later on without any hussle?

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Dr J C Vashista (Expert) 31 August 2020
You can make a family settlement (registered or unregistered) by meets and bounds.

Message likes : 1 times

Shilesh Patel (Expert) 31 August 2020
agreed with Expert Dr. Vashista sir.

Advocate Bhartesh goyal (Expert) 31 August 2020
If you want absolute ownership of your share ( floor ) in property then either all co-owner should execute registered family settlement or file partition suit and get partitioned property floorwise.

Isaac Gabriel (Expert) 31 August 2020
As everyone of you is still concious of your share there may not be any problem in registerig yours by payimg the stamp value at prevailing rates.