‘X’ , ‘Y’ and ‘Z’ owns G.F , F.F and S.F respectively in a three story house in South Delhi with common access rights to terrace , driveway and other common areas. But recently ‘Y’ constructed another floor (3rd) on top of the S.F entirely with its own cost.
1. Does ‘X’ and ‘Z’ has ownership right on the newly constructed 3rd Floor ?
2. How much ‘Y’ needs to pay to ‘X’ & ’Z’ to buy their rights in the newly constructed 3rd Floor ?
a. Does ‘Y’ pay ‘X’ & ‘Z’ , 1/3rd the value of entire 3rd Floor on the Market rate or Circle
Rate minus the Construction cost borne by ‘Y’ ?
b. Or does ‘Y’ pay only for the terrace rights of ‘X’ and ‘Z’?
3. Now what happens to the terrace rights of ‘X’ , ‘Y’ and ‘Z’ above newly constructed 3rd Floor.
Asked 7 years ago in Property Law
Religion: Hindu
'X' owns the GF
'Y' owns the FF
'Z' owns the SF
All above owns equal terrace
Asked 7 years ago