My father and uncle had to subdivide a property between themselves but not having done such things before, had to seek advice from people. They even did not know the cost to subdivide property hence went to a lawyer friend to ask him details about the same. The cost actually depends on the area, value and other aspects of the property and the stamp duty payable for each share of the property is about Rs 1,000 and he said, they also will need to pay the registration fee of Rs 500. Let me share more details that we learnt on this topic.
You can contact NoBroker Legal Services’ experts anytime to ask further questions or get your documents checked
How to subdivide your property?
Subdivision generally occurs when there is peace between the parties and no need to file a case or suit. The owners just need to visit the office of the sub-register and register their partition deed. They will be given equal share of the property if there is no will or documents presented and overall it is a simple and easy process.
This is the simplest answer of how to subdivide property. Subdivision can be done between two or more owners of the property but the process remains the same.
Same is the case for subdividing investment property. Usually a building or some assets get subdivided here and not land in most of the cases and this can potentially increase the return on investment but is equally risky unless you move strategically.
I hope these points answer your query: can i subdivide my property or not.
The time period taken can be a few months or even a year. Always seeks legal experts to handle these property matters carefully.
I hope you have understood the cost to subdivide property and process by now.
Read More:Can I sell undivided ancestral property?
What is the process to sell property?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Can I Subdivide My Property?
Lipika
58 Views
1
3 Year
2022-09-30T19:02:42+00:00 2022-09-30T19:02:44+00:00Comment
Share