Legal Question in Real Estate Law in India
If a residential property is held jointly in the name of two sisters, what will be the legal status of the ownership in the event of death of one of the sisters.Will the property with its present registry pass on to the alive sister or will a new registry have to be made and the existing registry will become null and void.In the case of a joint bank account, the joint account no. remains the same, while the deceased is mentioned as such in the pass book. Will the same apply to the property as well.
Asked on 12/04/14, 3:52 am
1 Answer from Attorneys
Santosh Goswami,Advocate
sure shot legal
In the event of death, the legal heirs of the deceased sister shall claim her share. But if there is no legal heir, other sister shall become the owner. In that event you have to mutate the entire property in your name.
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Answered on 12/04/14, 4:14 am
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