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Ayush Mangal (student)     13 September 2016

Partition deed

Hello everyone I want to discuss one case in front of me that is there are two brothers having diverted land having four registery with their joint names and now they want to partion in such a way that three registery get in some proportion to both the brothers and the fourth one goes to only one. Land was situated in mp . Tell me the cheapest way they can execute their partition and there is no hurdle in future in mortgaging that asset to bank and in sale also. That with low expense they can execute partition...and please suggest income tax point also in respect on capital gain.


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 5 Replies

Suri.Sravan Kumar (senior)     13 September 2016

pl post thr qry again with clarity

Kumar Doab (FIN)     13 September 2016

It is believed that there are four piece of land and each is registered in joint names of 2 brothers.

Gift/sale/release/relinquish/partition/family settlement ..........................may be the options.

It is blood relation.

Check duty/charges from SRO.

 

Kumar Doab (FIN)     13 September 2016

Repeated at:

 

https://www.lawyersclubindia.com/forum/Partition-deed-142091.asp

Kumar Doab (FIN)     13 September 2016

Why to repeat?

Ayush Mangal (student)     13 September 2016

Sir I simply want to understand that execute it on rs 1000 stamp is appropriate

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