Hello Sir,
Myself, my younger brother and mother inherited my fathers property after his death. We sold the property and got 1C jointly between 3 of us. My younger brother is married and settled in US, and myself (unmarried) and mother are here in chennai. Now we decided to purchase a plot and register between all three of us. total cost of plot is around 1.3 C. so we will go for loan of about 30L split between 3 of us.
Is it possible to buy plots this way by having multiple ownership? How should we approach this for registration? What are the other implications we need to take care of?
Thanks
Avinash A
