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How to partition the property after construction
2 years ago
We are purchasing as plot in the name of 4 cousins and want built a 4 floor building one floor for one. Now sale deed is one, we want to for a partition deed after getting ghmc plan. So that every one will get one document showing the rights individually. It it better or any other suggestion. Pls advise.
A.Dear Client
You can make the partition after the construction of the building while registeration. In a Partition Deed, partition occurs by mutual consent amongst the co-owners. It is required that the partition deed is executed on a stamp paper and registered with the sub-registrar's office. A legal and binding effect is given to the deed by its registration.
The partition deed is required to be registered at the office of the sub-registrar of the place where the property is situated as in case of any other registration. The stamp duty payable in such a case is Rs 1,000 for each share of the property. Further, the registration fee will be Rs 500.
Thanks
Regards
You can make the partition after the construction of the building while registeration. In a Partition Deed, partition occurs by mutual consent amongst the co-owners. It is required that the partition deed is executed on a stamp paper and registered with the sub-registrar's office. A legal and binding effect is given to the deed by its registration.
The partition deed is required to be registered at the office of the sub-registrar of the place where the property is situated as in case of any other registration. The stamp duty payable in such a case is Rs 1,000 for each share of the property. Further, the registration fee will be Rs 500.
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Regards
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