Registered gift settlement for a house constructed on a plot from my dad
Dear Sirs,
There was a plot of my Dad with Patta on his name.
He has gifted that to me with registered gift settlement in Sub-Registrar office in 1991.
After which I have applied loan and constructed house with a joint effort from my Dad's retirement fund and a brother's physical effort, in the year 1995. In 2002, I have settled the 'discussed and accepted amount' to Brother as he has put in physical effort and he wants to part off and move away from common house to another location on his own. He and his wife signed on a stamp paper, stating they have received money for their portion of the property and henceforth there is no connection or rights on the property.
Dad expired in 2017 and I have used that property as collateral for a another loan for my Daughter.
Legal opinion has been given by a lawyer of Nationalized Bank and loan availed.
Now Brother and 2 sisters of mine, are planning to claim rights on the property, since it is valuing 1 crore now.
1) Do they have legally any rights on the property?
2) If no legal rights to claim, what is the section in the law to be quoted, as I can make them to understand, so that they do not go to court unnecessarily. I will discuss and give them some money as good gesture, while selling the property. Brother is inducing them to go to court.
Kindly clarify, as they are quoting a recent TV news on HC passing statement, that Sisters have rights to claim partition on Dad's property.
Thanks in anticipation.
Asked 5 years ago in Property Law
Religion: Christian
Thank you sirs. It is not ancestral property. It is purely self acquired property of my Dad and the patta was on his name. Father was a Christian. I have reconverted to Hinduism.
Legal clause will be very helpful sirs. Thank you very much.
Asked 5 years ago
Thank you very much Sirs.
The property is acquired property by my Dad and Patta is on his name. Now Ownership titles are in my name, and I pay, Property Tax, EB and Water Tax on my name.
Now my Brother has filed a Civil Case seeking 30% to Mom, 10% to each sisters and him (5 portions) of its current value. Since I am staying outstation, and house was locked for last 2 years, My brother broke open the house, started living there in the property. Kindly let me know and advise please,
1) Will the case succeed in my favor and justice hold for rights of me
2) Can I gift settle the property to my two Children 50% each, register it, and will this help in case closure.
Asked 2 years ago