My grandfather, a Jain, wrote down how to divide our family property on a ₹500 stamp paper, which was also notarized. The property is currently registered under someone else’s name and needs to be transferred. The notarized document states the partition should happen from April 1st, 2018. All his heirs have signed the notarized paper. Will this agreement legally bind everyone to divide the property this way?
Best Answer
While the notarized agreement on stamp paper demonstrates intent, it may not be legally binding for property transfer. Under Indian law, property transfer requires registration with the relevant authorities. The notarized document could serve as evidence of the agreed-upon partition, but the actual transfer must follow legal procedures for registration.
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