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Ravi Pinjani (ASE)     05 June 2013

Share of son in father's property

Hi sirs,

I have a few questions regarding my father's share in my grandfather's property.

Background:

My Grandfather died(natural death) not leaving behind any will. 1 Shop was there which was purchsed by my father and grandfather in paternership.

My father was having 60% share and grandfather was having 40% share at the time of purchase, as per the purchase agreement.

My father also died.

My grandfather totally 4 children: 3 daughters and 1 son(my father).

Now we have selled the shop for 14 lacs.

Question:

1) What is my father's total share in the shop ? is it only 60% which is written in the purchase document of the shop or is it 60% share(as per the purchase document) + 1/4th of the remaining 40% (i.e., 8.4 lacs or 8.4+1.4=9.8 lacs) ? Please advice.

 

Thanks in Advance for your Help,

Ravi Pinjani.



Learning

 3 Replies

sanjay kumar (BE/ LLM in Corporate Laws)     05 June 2013

If your grand-father and father were both alive and they had sold the shop, your father would have got 60% and your grand-father 40%. The share of your father belongs to him whereas the share of your grand-father is to be equally distributed in four children.

kavksatyanarayana (subregistrar/supdt.(retired))     05 June 2013

60% share + 1/4th of the remaining 40%

thinagar (M.D)     06 June 2013

As per document ur father has60% and the remaining 40% he has 10% so the amont is 70% of 14 lakhs which is 9.8 lakhs

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