Share in parental property
While doing the partition deal of my parental property, it was equally divided and shared between me and my elder brother. The list of property is clearly mentioned in the partition deal.My brother was given the house and land of 74 cents and my share was equivalent agricultural land. My paremts were staying in the house and brother was staying separately. due to certain financial issues of my brother the house and landed property partitioned on the name of my brother was pledged to a bank and loan taken.Over a period of time due to non payment of loan and interest, bank decided to auction it. Since parents were alive and living in the same house, as requested by my parents some portion of my share of land and my ornaments were sold to clear the loan and make the house and property free. since my property and ornaments were disposed off for clearing the out standing loan, my brother with the consent of my parents transferred the share of property of my brother( House and 64 cents ), on my name. This transfer is registered and signed by my parents and brother.
Now my parents and my brother is no more. the situation now is that , my brother's son who is major now is making a claim of the parental property on the plea that, his father was not mentally sound during the transactions and wanted to claim the title of the property as per the original partition.
All property documents are on my name and my mother's elder sister is presently staying there.
How do I clear the property disputes in future, if any? After the life of my mother's elder sister I would like to dispose of this property. At that time can my brother's family create any legal hassles?
Thank you
Asked 7 years ago in Property Law
Religion: Hindu
Though the property is on my name ,the annual property tax is being paid by my mother's elder sister.The receipt of the tax shows her name .That means the property tax receipt is in the name of my mother's elder sister who presently stays in the house .Is there any legal complication?
Regards
Asked 7 years ago