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The Partition Act of 1893 The family property partition law in India states that any other shareholder may seek permission to purchase the parties' shares, and the Court may then provide a valuation and sell the property to the applicant. The Act sets specific regulations for what happens if two shareholders disagree.

If all parties involved are ready to amicably settle all disputes, a partition deed needs to be executed. Through a partition deed, it defines the share of each co-owners of the property. This partition deed needs to be duly registered with the Sub-Registrar office, only then it's considered a legal document.

Format of partition deed The partition deed format is as follows: Title of the deed. Parties involved; names and details of all the parties involved. Brief Description of the Property. Terms and conditions. Signatures and witnesses: signatures of all the parties involved, i.e., co-owners of the property.

It is done by dividing the property ing to the shares to which each of the parties is entitled to in law as applicable to them. Each divided property gets a new title and each sharer gives up his interest in the property in favour of other sharers.

Following are methods to partition an Ancestral Property: Partition by mutual agreement. Partition of the property by mutual agreement can be done by Partition Deed or Family settlement. ... Partition through Court. ... Partition through Will Probate.

Partition through Court Before filing a partition suit, a legal notice must be served to all the co-owners specifying their interest in the property, their share, and the action to be taken and try to settle the dispute. Even after this, if the dispute is not settled, then a civil suit is filed before the Court.

A legal notice stating each co-interest owner in the property, their portion, and the action to be done must be served on each co-owner before filing a partition suit in order to try to resolve the conflict. Even after this, a civil lawsuit is brought before the court if the matter is not resolved.