My father owned an independent house and he died 25 years ago and the property is still in his name. His wife is paying all the property tax and renting the portions and collecting the rent. He left his wife and 3 sons and a daughter and all of them are now married and settled. Now that they wanted to share the property among three sons. We obtained a legal heir certificate from the local Tahsildar where my mother and three sons are legal heirs. My sister married and settled and agreed to accept compensation by way of cash and execute a release deed in favor of 3 brothers. Now that we wish to go for document the dividing the property among ourselves and transfer the same in the ratio of 50:25:25 pc. which will take effect only after our mother's demise. Until she lives, she can stay in the house with one son and collect all the rents and enjoy possession.
What is the best option now for the children to get the property transferred in their names after their mother's demise. Which kind of documentation is advisable? The Property is in Chennai Tamilnadu