Naresh Kumar Kundu 09 May 2017

Self acquired property or ancestral property

is this a self acquired property? The land was acquired by Govt. of Haryana for development of industrial estate and as per provision of rehabilitation and resettlement policy-2007, land owner are eligible for residential plot whom more than 75% was acquired. plot allotted against this scheme is coming under self acquired property or ancestral property.

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saravanan s (legal advisor) 09 May 2017

it is self aquired property only

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 09 May 2017

According to the law for Hindus,self acquired property is any property purchased by an individual from his resources or any property he acquired as a part of the division of any Ancestral/Coparcenary property or acquired as a legal heir or by any Testamentary document such as 'Will' etc.