My father was a joint owner of a flat with his mother, in a Cooperative Housing Society, in Mumbai.
His name appeared first in the society share certificate.
After the death of my grandmother, my father got her name removed and became the exclusive owner/shareholder of the flat.
Thereafter, my father died intestate leaving behind my mother, my younger brother & me.
Since, my mother's name was mentioned as a nominee, the society transfered the shares in her name & made changes in the share certificate accordingly.
Subsequently, the society went in for redevelopment & my mother signed the tripartite agreement with the society & developer, on our behalf.
We now propose to sell the property & distribute the proceeds amongst us.
1. Is my Mother an exclusive Owner of the New Property (share, title etc)?
2.Being a Hindu girl, àm I entitled to a share in the property?
3. If the Ans to qs 2 is YES, what documentation is needed to be done to include my name as a rightful co owner?
4. What documentation is required to be done for sale of the property so as to get direct remittances from the buyer in our respective name and save tax.
5.How can we structure the sales deal so as to legally save the outgoings (IT & Capital Gains) ?
6.What deeds need to be prepared?