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mrinal mitra (Querist) 03 May 2013 This query is : Resolved
My father has got a share of land from his mother's property as willed. As per the family settlement my father has received a share of 1405 sq. feet (approx) in Gopal Nagar, Near krishna Nagar Police Station, Lucknow-226023. The family settlement is not registered but notarized. Also has constructed area of approx 360 sq feet in run-down state. Now for the reconstruction of the same i want bank loan, please suggest me how to proceed for the same.
My Father is 67yrs of age.
Land bought in 1959
family settlement 2000

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ajay sethi (Expert) 03 May 2013
it is necessary that family settlement be stamped and regd without which bank wont give loan

Raj Kumar Makkad (Expert) 04 May 2013
It is in your interest for immediately get the family settlement duly registered and thereafter do obtain GPA of your father for the purpose of loan or mortgage it with his help and obtain loan as desired.

mrinal mitra (Querist) 04 May 2013
sir
if the family settlement get registered, then further registration of the land share is required or not?

prabhakar singh (Expert) 04 May 2013
if allocation of every one's share is specifically stated in registered settlement
then no further deed or registration is required.

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