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Author Topic: signatures required during sale of self acquired property  (Read 1129 times)

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Offline chandan.t81@gmail.com

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signatures required during sale of self acquired property
« on: June 01, 2014, 12:58:04 PM »
Hi,

I have paid advance and booked a 2 bedroom flat recently in Bangalore. The building has 64 flats and out of which, around 30 are from land owner's share and rest are from the builder (developed as JDA). The flat that I have booked is from land owner. The land owner has wife, son and a daughter in his family. And they have confirmed that, only the owner will sign in the registration document. The son will also sign as witness. As the property is a self acquired property, owner's wife and daughter are not required to sign in the document. I have the following questions and need your valuable advice.

1. Is this correct that only land owner's signature is sufficient in the registration document and his other family members signatures are not required.
2. If only land owner signs in the document, Is it possible that his son or daughter or anyone can claim the  flat later  (may be after couple of years after death of the owner) as a result of some will deed or gift deed.
3. Any other consequences that might occur, if only the land owner signs.

Your valuable advice will help me in going ahead to buy the flat.

Thanks in advance.

Chandan

Offline Advocate-ashoksen

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Re: signatures required during sale of self acquired property
« Reply #1 on: June 01, 2014, 06:18:48 PM »
It is clearly mentioned that it is self acquired property and not ancestral property hence, owners transfer will be sufficient.

but still i would suggest you hire a lawyer when you do the registration, so that there is no problem later on.
Advocate Ashok Sen Calcutta High Court

Offline chandan.t81@gmail.com

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Re: signatures required during sale of self acquired property
« Reply #2 on: June 01, 2014, 10:50:19 PM »
Thank you for your valuable reply.

 

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