Answers (5) There is no such legal rules for lawyers fees for registration of property. However in general practice lawyers used to charge legal fees ranging from 1% to 2% of market value of property for registration.
Under the Hindu law, property is divided into two types: ancestral and self-acquired. Ancestral property is defined as one that is inherited up to four generations of male lineage and should have remained undivided throughout this period.
A Real Estate Lawyer in India is a certified professional who oversees all real estate transactions involving real estate law. They are responsible for putting together and reviewing legal documents for real estate transactions and negotiating their terms and conditions.
The following are some of the key pieces of legislation governing real estate in India: Transfer of Property Act, 1882: This Act is a central act and provides general principles of movable and immovable property, such as sale, exchange, mortgage, lease and gift of property, part performance and lis pendens.
5 Answers on demise of father sons and daughters have equal share in self acquired property of deceased father. the judgment of SC is Applicable only in respect of ancestral property. file suit for partition for division of property by metes and bounds.More items...
The property partition law for a joint family in India states that an ancestral property can be divided on the basis of making a family partition agreement. This is subject to the personal laws of inheritance where Hindus, Muslims, and Christians have different standings under family property division.
The thorough knowledge of relevant laws like RERDA, Transfer of Property Act, state rules and regulations like Maharashtra Regional and Town Planning Act, Standardized Building Bye-laws, Development Control Rules, West Bengal Housing Industry Regulation Act (WBHIRA), etc. is essential for real estate lawyers.
Hiring a commercial real estate lawyer reduces the potential risks in a commercial property transaction as many people don't know how to sell or purchase a property. This can lead to serious complications. For instance, a sale property's price may appear too good to be true.
In India, home buyers are not legally required to hire an attorney, to buy or sell property.
The main legal property rights are the right of possession, the right of control, the right of exclusion, the right to derive income, and the right of disposition.
If the property of a male Hindu dying intestate (without a will) is self-acquired property or obtained in the partition of a coparcenary or a family property, it would devolve by inheritance and not by survivorship, and the daughter of such a male Hindu would be entitled to inherit it in preference to others (such as ...
Yes, as per law, a married daughter has every right to claim a share in her father's property. She has as much right as her brother or unmarried sister.