Purchase of property.

madhuri chhabria (Querist) 13 June 2012 This query is : Resolved
I was one of the nominee,with two other nominees of a residential flat of my relative who expired in mar-2011. After the death of my relative the other 2 nominees have given their NOC in my favour for transferring the flat in my name in the required format.
Accordingly the society has transmitted the share certificate in my favour and the maintenance bill is also in my favour.
Now i desire to pay to the other two nominees their respective shares in the property.
I am ready to get the agreement registered and pay the necessary stamp duty also.
please help me with the procedure.
Regards,
Sunil chhabria.

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Kiran Kumar (Expert) 13 June 2012
visit some local lawyer....as the procedure varies from state to state.

ajay sethi (Expert) 13 June 2012
enter into agreement with each legal heir mentioning that on detah of relative they were one of legal heir having certian share . they have agreed to sell for certian consideration . have agreement duly stamped and registered

R.K Nanda (Expert) 13 June 2012
Take the help of local lawyer.

adv. rajeev ( rajoo ) (Expert) 14 June 2012
Whether there is no legal heirs of your deceased relative? If they are, then you cannot claim tittle over the property as a nominee.
If no legal heris then go for the regd., partition agreement.

Devajyoti Barman (Expert) 14 June 2012
do as advised above.

Kishor Mehta (Expert) 14 June 2012
Sir,

With due respects to all:

Nominee is only a trustee, and not the owner or beneficiary. The property shall belong to an heir. The nominee can claim right to property only in absence of any heir or other legal claimants.

Regards,
Kishor Mehta

Shrichand Nahar (Expert) 14 June 2012
Please remember that nominee is not the owner or legal heir.

A nominee is merely a trustee of legal heirs of deceased.