Absolute owner of a property - male owner died without will
I wanted to inquire about a property / succession law.. I'm planning to buy a property from a Seller in Bangalore. Below are the details / scenario of Seller
1. Property owned by Aged Male
2. He died without a will
3. He has wife and adult 4 male children
4. After his death, the property has been transfered to Wife (widow) by means of a Khata transfer (Bangalore BBMP)
4. All the 4 children has signed an affidavit as a No-objection to transfer the said property Khata to their Mother
5. The current Khata is in the Widow's name, and all the tax has been paid from her name
6. They are planning to sell the property
My Query
1. Who is now the absolute owner of this property?
2. Is it just the widow (who has the property Khata in her name), or the legal heirs - 4 children as well?
3. Whose name should be in the Sale agreement as Seller(s)?
Thanks,
Harish
Asked 9 years ago in Property Law
Religion: Hindu
Thank you for all your responses.. I posted the majority response - All the 4 children's name must be there on Sale agreement and Sale deed, to the Seller, and got his query as below.. Appreciate your clarification for below points (from Seller)..
1. As we are giving no objection letter to my mother to sell the property, bank can give the entire amount to our mother’s name. (Buyer is taking a bank loan, and Seller is concerned about capital gains if all the 5 names are mentioned in sale deed. Also, they are concerned if the bank loan DD would be distributed in all their names?)
2. We are not HUF (Hindu undivided Family). Also I do not think sub registrar will agree to include all the 5 names as owners as the present owner is my mother (as per Khata certificate/extract).
3. All sons are signing the sale deed in the presence of sub-registrar (as a witness) so that no claim can be raised in future.
Asked 9 years ago