If all the parties have share (common right) in the property partition can be effected. If partition is effected through an instrument such instrument must be compulsorily registered.
- Oral partition affected through memorandum submitted to the concerned authorities need not be registered.
- Stamp duty has to be paid in respect any kind of partition whether it is to be compulsorily registered or not.
- Parties to the partition may agree to effect partition of unequal shares.
Property law is the area of law that governs the various forms of ownership and tenancy in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system.
Immovable property is an immovable object, an item of property that cannot be moved without destroying or altering it – property that is fixed to the earth, such as land or a house. In the United States it is also commercially and legally known as real estate and in Britain as property.
The following categories can purchase immovable property in India:
- Non-Resident Indian (NRI)
- Person of Indian Origin (PIO)