Property ownership

sweetboyzz (Querist) 30 December 2013 This query is : Resolved
My Grand Father bought flat no. 1 in 1955. My father's (who was his only legal heir) name was added in the flat no.1. My grandfather died in 1960. My father became the sole owner of the flat no.1. My name was added in 1986. This flat was sold in 1990. through the proceeds of sale of flat no. 1, a new flat no.2 was purchased in joint name of my father(first name) and myself (second name). In 1998 my father died without leaving any will. myself, my married sister and my mother were the only three legal heirs. In 2000, myself and my sister relinquesh our rights in the property (flat No. 2) in favour of our mother by signing a affidavit. No relinquishment of gift deed was signed.Now my mother has died and has willed the property no. 2 in favour of my sister. I have no objection for the property no. 2 be transferred to my sister's name.Legally, who is the actual owner of the flat and what are the share of each person:

1)Myself (owned/ inherited/ inheritable)
2)My Sister (owned/ inherited/ inheritble)
3) my Son ( inherited/inhertible)
4) my wife (inheritble)

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ajay sethi (Expert) 30 December 2013
if you have no objection in flat being transferred in name of your sister as per your mother will that is end of the story .execute relinquishment deed in favour of your sister . get it stamped and regd

actually in 2000 you ought to have executed relinquishment deed . you had 1/3rd share in said flat . your mother and sister had 1/3rd share each . . your wife and son have no interest in said property .

Rajendra K Goyal (Expert) 30 December 2013
Presently you and your sister are the owner of flat no.2. You may execute relinquish deed in favor of your sister.