• Who is the legal owner

I bought plot cost 13.5 Lakhs in Telangana state. In that I paid 1 lakhs to seller from my wife account. Remaining 12.5 lakhs paid from my personal account only. Actually I sold my plot and the amount which I received, In that amount, 1 lakh amount transferred to my wife account from buyer. The same 1 lakh amount I used for purchasing plot. And registration done on my name only. As I used 1 lakh from my wife account, can my wife can be called as Legal owner or in future?, can my wife file case on property which I purchased?. My question is Who is the Legal owner for the plot which is purchased for 13.5 Lakhs in Telangana state? And If I want to sell the plot in future, even my wife also required to sign as I used 1 lakh from her account? Please Note that Registration done on my name only.
Asked 4 years ago in Property Law
Religion: Hindu

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8 Answers

1. Since the title of the property is in your name, apart from you, no other person, including your wife can be considered as the owner of the property, inspite of Rs. 1 Lakh paid from your wife's account.

2. Even if your wife files a case, you can show the record of deposit of Rs. One lakh to her account earlier in another transaction, which is your personal money only.

3. No doubt to say that you are the absolute owner of the plot in Telangana State.

4.  There's no need of your wife's signature at the time of your selling the plot to a prospective buyer, since your name has appeared in the sale deed as owner.

Shashidhar S. Sastry
Advocate, Bangalore
5374 Answers
329 Consultations

Wife can claim share in property as she has paid some consideration for purchase of property 

 

2) on sale of property 8 per cent of sale consideration should be paid to wife 

 

 

3) wife not required to sign sale deed 

Ajay Sethi
Advocate, Mumbai
96714 Answers
7797 Consultations

Dont worry

You are the owner!

Yusuf Rampurawala
Advocate, Mumbai
7658 Answers
79 Consultations

1. As per law consideration, in case of sale of properties, should flow between the parties.

 

2. In your case, your have paid Rs.1 lakh less than the consideration you had agreed to pay while getting the title of the property registered in your favour and your wife had paid  without receiving any consideration for the said payment.

 

3. She can claim proportionate share of your said property later on.

 

4. It will be prudent on your part to return her the said amount with interest to stay clean in connection with the ownership of the title of the said property.

Krishna Kishore Ganguly
Advocate, Kolkata
27421 Answers
726 Consultations

You will be legal owner of the purchased plot where you can show the 1 lakh rupees are transferred to your wife account.

Ganesh Kadam
Advocate, Pune
12986 Answers
262 Consultations

Since the property has been purchased by you through a registered sale deed on your name you only shall be considered to be the absolute owner of the property. 

Your wife do not have any rights in the property. 

 

T Kalaiselvan
Advocate, Vellore
86915 Answers
2331 Consultations

sir owner will be the one who has the name in the papers. if the money has been contributed by the wife then in case of disputes she can claim the money from you but that is the matter of trial.

Gopender
Advocate, New Delhi
384 Answers

Dear Sir,

Your wife has no right on such property since major portion was made by you and it is registered in your name.

 

Kishan Dutt Kalaskar
Advocate, Bangalore
6179 Answers
490 Consultations

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