• Joint ownership

Sir. Heard from someone that we cannot register a plot in joint names especially 2 friends. Joint registraion is possible only in case of people having blood relation or husband and wife. Is this true? I am a resident of bangalore. I am planning to buy a plot with my friend and wish to do joint regustration. Please help.
Asked 6 years ago in Property Law
Religion: Hindu

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18 Answers

No such problem. You can purchase any property in joint name.

Jugal Kishore Agrawal
Advocate, Jaipur
81 Answers

Not rated

You can purchase plot in joint ownership

2) not necessary that you should be relatives before you purchase property in joint names

Ajay Sethi
Advocate, Mumbai
94723 Answers
7535 Consultations

5.0 on 5.0

This is my response to you:

1. Joint ownership can be of any two people;

2. If they do not permit you then you must make a partnership deed or joint venture agreement;

3. Generally joint owners are couples or family or blood relatives who wish to reside together;

4. If it is your friend then they know that the friends are not going to reside together, therefore they need proof of partnership agreement etc.

Gowaal Padavi
Advocate, Mumbai
1920 Answers
5 Consultations

5.0 on 5.0

Sir this is not true any two person can come together and buy property as joint owner there share can be specifically written and can registered under sale deed.

Shubham Jhajharia
Advocate, Ahmedabad
25514 Answers
179 Consultations

5.0 on 5.0

1. IT is not at all mandatory that Property Owners must be blood-relatives and neither is there any law against it it.

2. Friends /Relatives /anybody, can jointly purchase & register and sell Property, AFTER following documentary procedure of law.

Keep Smiling .... Hemant Agarwal

Hemant Agarwal
Advocate, Mumbai
5612 Answers
25 Consultations

5.0 on 5.0

You can jointly register the property there is no bar in doing the same. Joint registration of property will be done. Make a sale purchase agreement first and annex the same in your sale deed.

BREAKING DOWN 'Sales and Purchase Agreement - SPA'

An SPA serves as a basis for a transaction to take place, providing a framework for how the transaction will proceed, what is included in the transaction and, if necessary, what is excluded from the sale. It allows the buyer and seller of a particular asset to negotiate, and ultimately agree upon, a proper price. While not required for every transaction, SPAs are often used for large single purchases or frequent purchases across a specified amount of time.

Not only do SPAs dictate the terms of the sale, but they also contain detailed information about the buyer and the seller. They serve as a record of any deposits made as negotiations move forward, any portions of the agreement that have already been met or transactions that have already been completed, as well as an official record of when the final sale is to take place.

Ruchit Dugar
Advocate, New Delhi
190 Answers

4.9 on 5.0

1,Husband and Wife are not related by blood.

2. Two friends who jointly purchase a property are free to get the sale deed executed jointly in their favour. There cannot be an embargo on this right.

Ashish Davessar
Advocate, Jaipur
30763 Answers
972 Consultations

5.0 on 5.0

It is not necessary that joint registration must be between blood relationship. It can be between friends define the.share of each of you in the deed specifically.

You are wrongly informed. You can buy property with your friend and register it.

Swarnarka Chowdhury
Advocate, Mysore
1879 Answers
5 Consultations

5.0 on 5.0

no need to enter into joint venture agreement with friend

Ajay Sethi
Advocate, Mumbai
94723 Answers
7535 Consultations

5.0 on 5.0

Sir dont get confuse you can buy property jointly with your friend as joint purchasers can ascertain your shares in property. The purchase is valid and shall be registered and mutated in both names as joint owners.,

Shubham Jhajharia
Advocate, Ahmedabad
25514 Answers
179 Consultations

5.0 on 5.0

There is absolutely no necessity to enter joint venture agreement. Just in sale deed specify the extent of your individual shares that will be distributed in future in case of conflicts. You can register directly without any joint venture agreement.

Swarnarka Chowdhury
Advocate, Mysore
1879 Answers
5 Consultations

5.0 on 5.0

This is my further response to you:

1. I apologize for not explaining 'they';

2. 'they' would include the Registrar or the registering authority;

3. You can purchase the plot of land anyhow, with 'n' number of people, for any legal and valid purposes;

4. I meant to tell you, the Registrar or the registering authority may abruptly ask you, your relation with each other;

5. You need not be business partners or be part of joint venture, if they don't ask for any proofs then you need not worry;

6. You can go ahead with the purchase;

7. P.s.: Kindly submit your doubt to me personally on feedback column. Thanks.

Gowaal Padavi
Advocate, Mumbai
1920 Answers
5 Consultations

5.0 on 5.0

Hello,

A property can be purchased by you alone or in joint ownership of a person/no. Of persons. The no. Of persons owning a property is immaterial as long as the the same is registered and stamp duty paid for.

Regards

Rahul Mishra
Advocate, Lucknow
14088 Answers
65 Consultations

5.0 on 5.0

Fake advise, Any one can be joint owner of property.

Yogendra Singh Rajawat
Advocate, Jaipur
22636 Answers
31 Consultations

4.4 on 5.0

It is false. Only in deeds relating to Gift and POA the blood relation rule applies in so far as the payment of stamp duty is concerned. Not in cases relating to sale or purchase of immovable property.

In your case, I understand that you and your friend wish to purchase a plot in joint names and you wish to know if this is legally permissible. I wish to state for the record that this is legally permissible, just as long as you both pay the requisite stamp duty and registration fees on the guideline value of the property that you are buying.

Kiran N. Murthy
Advocate, Bangalore
1298 Answers
194 Consultations

5.0 on 5.0

1. There is no such restriction

2. If that were so then concept of co-ownership would become obsolete

3. If the registration authority is refusing to register the document then you need to file a writ petition in high court

Yusuf Rampurawala
Advocate, Mumbai
7514 Answers
79 Consultations

5.0 on 5.0

Joint registration is possible if they both belong to any firm as partners, if the joint purchasers are not related or do not have any interest in each other, then the registrar may not entertain the registration.

However there is no restriction of that as per law.

T Kalaiselvan
Advocate, Vellore
84925 Answers
2195 Consultations

5.0 on 5.0

He says 'they'. Who are they? Registrar? I definately dont want to enter into joint venture agreemnt with friend.

What is the special interest in purchasing the property jointly with your friend?

Your application for registration may not be entertained by the registrar citing some flimsy reasons for rejection even though he may not have any answer to reject for this specific reason.

T Kalaiselvan
Advocate, Vellore
84925 Answers
2195 Consultations

5.0 on 5.0

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