Family /property
AJIT KUMAR JAIN
(Querist) 22 August 2013
This query is : Open
A male named X dies leaving widow and 4 children .Now there are certain immovable property which are not distributed between X and his brothers as the same are in dispute between them.There is some self acquired property of X.Now (1) can there be relinquishment deed /family settlement between the legal heirs of X regarding the property in dispute between the X and his brothers.As there is not certain and specific share that what would X's legal heirs would get from there .So can there be relinquishment deed /family settlement regarding uncertain /unspecific share.(2)Can there be consideration in case of relinquishment deed even it is very less being given to daughters.(3) How the stamp duty be charged on uncertain share as in above case.(4) If property is in 2 different state is it necessary two different relinquishment deed/family settlement registration at both place or registration at one place is sufficient.(5) What is the legal base of relinquishment deed as it is not mentioned in Transfer of Property Act 1882.It is only covered under gift under the act.Please cite relevant act /judgement if possible thanks
