Pre emption applicable for son after father settle land

Dear sikkankr,

It appears the preemption right in the compromise memo will not bind you.

Anyhow, give a notice to ur uncles expressing ur intention to sell the property and ask them to offer their price for the same. 

Preemptory right will give a preferential right to ur uncles.  When they fail to offer highest price, then u can sell away to other buyers intending to buy at a higher price.  

Thanks for your advice,

the market value is very less , so i  cant give notice to uncles , third party ready to give 5times more than market value. and also no time to wait (6months) for giving notice. 

pls advice.
 

Dear Sikkankr,

Is it a condition in the compromise that 6 months prior notice should be given to ur uncles?

Though market value is less, u can mention more value in the sale deed for which u need to suffer some loss by way of stamp duty and nothing more.

Thanks for your advice

Yes 6 months prior notice  to give other two parties if  any party sell .

but my father given me the land thro "deed of settlement".

condition applicable for me?

Is there any condition binding legal heirs of the parties to the compromise?

Unless I go through the terms of compromise, i cannot clarify ur doubt precisely.