As per Partition Act of 1893
Under Section 4 which I understand is as follows:
Partition suit by transferee of share in dwelling house
Where a share of a dwelling-house belonging to an undivided family has been transferred to a person who is not a member of such family and such transferee sues for partition, the Court shall, if any member of the family being a share-holder shall undertake to buy the share of such transferee, make a valuation of such share in such manner as it thinks fit and direct the sale of such share to such shareholder, and may give all necessary and proper directions in that behalf.
My questions.....
How does the court arrive at the valuation of property?
Are there any Judgements to this effect?
Is the purchase price or Agreement price or circle rates or what is considered?
How would the valueation for a multi floor dwelling house would be done in such cases
Regards
Shanta
