Married daughters share in fathers assets.
My Father died in 1999 and Mother died in 2006 leaving 4 sons and 2 daughters and an asset. The asset was my father,s totally self acquired property, purchased in year 1959, in the name of a firm and my father was sole proprietor, partner and owner of the firm. Later on my 4 brothers became partners in the firm
and as soon as my father died, my 4 brothers registered their names and entered in property card in city survey office depriving we 2 sisters share. When we asked for our share in asset our brothers said they are the only 4 partners in the firm.
As per legal advise, I am now filing a suit for our share. I am 59 years old. The advocate at my place said I am eligible for 1/6 share in asset and as per current government value the valuation of 1/6 share is Rs 1,37,27,000 and on that the stamp duty of Rs 1,78,000 has to be paid.
Here, as the amount is big, I have few questions to ask...
1. Is the stamp duty calculated is correct if property is in Maharashtra ?
2. Is there any way to reduce the stamp duty ?
3. Any concession for senior citizens ? I am 59 years.
4. After I pay the said stamp duty can I get stamp duty back if I withdraw the case if my brothers
become ready for a compromise?
5. Can I get back the stamp duty after the court passes order against me or in favour of me?
Asked 5 years ago in Property Law
Religion: Hindu