Deed of Partition was made in 1971 and thereafter the property title has went to my grand father in law which was held in HUF. And after the death of my father in law in 1992 it was held in the HUF being operated by my brother in law as Karta. 
Thereafter we have entered into a deed of family settlement which was unstamped and unregistered granting my mother in law, my husband, my daughter and myself the right on that property.
Since after the partition it was held by great grandfather in law and the property has come to us from him, we had assumed it to be ancestral. 
Please advise can my mother in law and myself if we jointly decide to sell this property to a third party as on date can we do so by Sale Deed.
Is the mutation in my mother in law and my name legal.
Assuming Deed of Family Settlement is not legal and valid, what documents we need to execute to make my daughter have right on this property and who all would be the party to this document

The soft copy of the Deed of Family Settlement is as follows:  Kindly advise on this basis

DEED OF FAMILY SETTLEMENT & 
AGREEMENT
THIS DEED OF FAMILY SETTLEMENT, is made on this 8th day of December of 2008.
B E T W E E N
(1)	PARTY of First Lot
A N D
(1)	 PARTIES OF LOT "B" (which term and expression shall unless excluded by or repugnant to the context be deemed to mean and include their heirs, executors, administrators, representatives and  legal assigns) of the OTHER PART.

	WHEREAS the parties hereto, viz. the PARTIES OF LOT "A" and the PARTIES OF LOT "B" constitute a Mitakshara  Family joint in food worship and estate of which the first Party of the PARTIES OF LOT "A" is the Karta of the Hindu Undivided Family namely "M/s. Satyanarayan Purushottam Kumar" (hereinafter  referred to as the said H.U.F) and the first Party of the PARTIES OF LOT "B" and the Second Party of the PARTIES OF LOT "A" are the Members of the said Hindu Undivided Family and the Third Party, Fourth Party, Fifty Party of the PARTIES OF LOT "A" and the Second Party of the PARTIES OF LOT "B" are the Coparceners of the said Hindu Undivided Family.

	AND WHEREAS the Grand father of the present Karta namely Late Mangilal Modi was the founder of the H.U.F namely Bansidhar Mangilall.

	AND WHEREAS the said Late M Modi vide a Registered Deed of Partial Partition being No. 1925 for the Year 1971, dated 01.09.1971 registered in the office of the Sub-Registrar, Dibrugarh, Assam had separated and relinquished his Kartaship with an effect from the 1st September, 1971 and thereafter he released himself from the entire properties of the said H.U.F. vide a registered Deed of Release being No. 247 for the Year of 1971 dated 09.09.1971 registered in the office of the Sub-Registrar, Dibrugarh, Assam.

	AND WHEREAS after the said relinquishment the son of the said Late M Modi namely Late Satyanarayan Modi got and acquired the Kartaship of the said M/s. Bansidhar Mangilall, the Hindu Undivided Family.

	AND WHEREAS the said H.U.F after the death of said M Modi was reconstituted in the name of 'M/s. Satyanarayan Purusottam Kumar' and the said Late S Modi was appointed as the 'Karta' of the said new H.U.F namely 'M/s. Satyanarayan Purusottam Kumar'.

	AND WHEREAS the said Late S Modi the erstwhile Karta of the said H.U.F died on 29.07.1992 and after his expiry his son Sri P K Modi being the eldest Male Member of the family has become the Karta by virtue of the provision of the Hindu Personal Laws being governed by the Mitakshara School.

	AND WHEREAS the H.U.F estate of the said Hindu Undivided Family consists mainly of the proprietor described in the Schedule - A written hereunder.

	AND WHEREAS for reasons and considerations best known to the Parties herein and for better management, enjoyment, control and administration of their estate the Parties herein have agreed to have the same partitioned by mets  and bounds in the manner hereunder appearing through these presents of Deed of Family Settlement & Agreement and the said H.U.F shall henceforth shall not continue as the H.U.F namely M/s. Satyanarayan Purushottam Kumar with an immediate effect of this indenture and/or Deed of Family Settlement & Agreement.


NOW THIS DEED WITNESSES as follows : That in pursuance of the said mutual and family agreement as stated above and in consideration of the division of the shares of the parties in their ancestral properties and allotment thereof in severally and individually to them as hereunder made under and by virtue of these presents the PARTIES OF LOT "A" and each of them do hereby grant, convey, transfer, assign, assure, release and confirm unto and TO HAVE AND HOLD to the use of the same to the PARTIES OF LOT "B" to the properties comprised and described in the Schedule  - 'C' and in the same manner the PARTIES OF LOT "B" and each of them do hereby grant, convey, transfer, assign, assure, release and confirm unto and TO HAVE AND HOLD to the use of the same to the PARTIES OF LOT "A" to the properties comprised and described in the Schedule - 'B'.

1.	That the First Party of the PARTIES OF LOT "A" being the Karta of the said H.U.F with the mutual consent of and agreement with the other Members and the Coparceners divided the said H.U.F estate into two Lots for the purpose of this Family Settlement & Agreement and out of which Lot "A" comprising the properties described in the Schedule - 'B' written hereto and that of the Lot "B" comprising the properties described in the Schedule - "C" written hereto.

2.	That the properties comprised in the Schedule - "B" shall be jointly owned, possessed and enjoyed by the PARTIES OF LOT "A" as their undivided share to which they will be henceforth entitled and will be guided under the provision of the Hindu Succession Act, 1956.

3.	That the properties comprised in the Schedule - "C" shall be jointly owned, possessed and enjoyed by the PARTIES OF LOT "B" as their undivided share to which they will be henceforth entitled and will be guided under the provision of the Hindu Succession Act, 1956.

5.	That all Income Tax, Wealth Tax and other capital and revenue, liabilities of the estate as on this day shall be borne and paid by the parties proportionate to the shares in  the joint family properties hereunder divided.

6.	That the parties hereto shall henceforth be the separate owners of the shares allotted to each of them and shall hold and enjoy the shares so allotted in severally and free and discharged from all claims and demands of the others divided into two lots or anyone claiming through, under or in trust of them.

7.	That due to the reason of the extinction of the said H.U.F the parties herein under the two lots mentioned above shall be entitled to sale, transfer their share of the properties to any persons other than the member of this Family.

AND THIS DEED FURTHERMORE WITNESSES that the parties do hereby covenant agree and declare that all of them has and still have good title, full power and absolute authority to have the properties get divided in the matter hereinbefore indicated and none of them has charged not encumbered the same or any part thereof nor otherwise dealt with, nor done, executed or performed any act, deed or thing or suffered anything to the contrary whereby or by reason or means whereof the same may be affected or prejudiced in title or estate or they may be hindered or prevented from having the same granting, conveying or having the same divided as affected by theses present AND THAT the respective allottees shall hold, possess, enjoy their respective allotments peacefully and quietly without any claims or demands and interruption whatsoever by any one.
IN WITNESS WHEREOF the parties have executed these presents on the date month and year written hereinbefore.
PARTIES OF LOT “A” BEING THE FIRST PART—

Signed by Parties of Lot A & Lot B