My in-laws ( both living and under 65years) have transferred a previously inherited plot via gift deed in 2012 to their son. Todate Market valuation is Rs 1.12 crore as per classifieds. The deed states that property is valued at Rs 8 lakh. My wife has received a sum of Rs 10 lakh at same time. I am from Goa and possibly Portuguese civil code shall be used to determine the issue
I believe that I have been shortchanged. Despite the appreciation in property prices since 2012, I think market value of same plot around 2012 would be Rs 70,000/-. The new owners have broken down existing house and constructed new bungalow. Hence the value of the entire project (bungalow with plot) has arisen to 2.4 cr.
My wife has not received any streedhan. . Hence total received is approx. 19 lakh.
My in-laws also have a self acquired apartment of Rs 9 lakh. They were gifted with two daughters and lone son whom they seek to endow.
Kindly advise regd foll.