Hi Everyone ,
I am possessing a house in a legal tenancy since last 40 years and have a civil court suit against the owner of the land , now owner constructed an apartment behind my house on a builder agreement with a private limited company .
To settle the dispute they are offering me a flat without taking any money and i have to pay the stamp duties only . So in this case which is the best option to do the registry of the property on my name .
Someone suggested me to go with relinquish deed since keeping the civil suit mentioned in the deed , but after searching on few blogs i read that it can be done between only co-owners and legal heirs .
1.I am not a co-owner but a tenant and court is in my favor against the builder/owners.
2.I am not relative to the builder/owners.
And please suggest how can i safe myself from the tax liability also since there is no transaction of money its a compensation he is offering to get my house and flat he is offering is less than half of the area what i have in my present house . Please help and advise .
Thanks in advance :)
Asked 4 years ago in Property Law