I have a property in joint-ownership with my brother measures of 1600 sq.ft. With difference in interest we have been looking forward to clarify our shares or ownership of property title in writing.
Can someone help to guide , which is the best options considering all future consequences for myself and my legal heirs.
1. Does Family Settlement agreement with mutual consent of respective share information enough? As I understand no stamp duty, registration process required. Without FSD registration will I be able to transfer or sell my share to anyone without anyone's objection? Or Should I need to get consent with my brother while selling or transferring my share?
Due to encroachment at my brother's side land department refused to grant separate mutation receipt ? Will there be any future consequences? However, I have already mutation receipt in joint ownership with my brother
What is cost for FSD and how long will it take?
2. Do I need to go for Partition deed? I understand PD must be registered and stamp duty to be paid. Refence to registered PD also land department refuses to grant separate mutation receipt ?Will there be any future consequences?
What is cost for PD and how long will it take?
