- Advertisement -
Home Personal Finance Ancestral Property Selling Rules: Now Permission will have to be taken from...

Ancestral Property Selling Rules: Now Permission will have to be taken from these people to sell ancestral property, know in details

0
How to save tax on capital gains after selling urban agriculture land

There is often a lack of information among people regarding property related rules and laws. In such a situation, today we are going to tell you a new decision of the court in this news. Under which it is important for you to know which people have to take permission to sell the ancestral property.



There is often a lack of information among people regarding property related rules and laws. He remains entangled in the questions related to them. Due to lack of information, property related disputes usually happen. In such a situation, it is necessary that people have a general understanding about property related rules and laws. One such issue is ancestral property.

In this article, we will solve one such confusion related to your ancestral property and tell you how and with whose consent the ancestral property can be sold-

What is ancestral property-

If we look at the general classification of land in India, then mainly land is acquired by any person in two ways. The first is that which the person has bought by himself or has received through gift, donation or relinquishment of rights by someone (not taking his share of land) etc. Such property is called self acquired property.

Apart from this, the second type of land is that which the father has received from his forefathers. The land acquired in this way is kept in the category of ancestral property. The laws regarding sale of ancestral property are a bit stricter as compared to self-acquired property.


Who can sell ancestral property-

Ancestral property is claimed by four generations of the family. If a decision is to be taken to sell this property, then this property cannot be sold on the basis of personal consent of any one person. Nor can it be sold on the basis of the decision of its partial owners.

To sell the ancestral property, the consent of every stakeholder (which includes daughters) is necessary. When all the parties agree, the ancestral property can be sold as per the legal procedures.

Legal recourse can be taken for selling without consent-

If the ancestral property is sold without the consent or consultation of the parties related to it, then other related parties can send a legal notice regarding this. In such a situation, a stay may be imposed on the sale of the property or the sale may also be cancelled.

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version