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We draft your Legal Partition Deed
Legal Basis: Partition deeds in India are governed by the Hindu Succession Act, 1956, and other relevant laws depending on the religious community to which the parties belong.
Purpose: A partition deed is a legal document used to divide property among co-owners, typically in joint Hindu family properties or inherited properties among family members.
Contents: The partition deed specifies details such as the names of co-owners, the description of the property being partitioned, the shares allotted to each co-owner, and any other terms and conditions agreed upon by the parties.
Execution: The partition deed must be executed on non-judicial stamp paper of appropriate value and signed by all co-owners in the presence of witnesses. It is advisable to register the partition deed with the local sub-registrar's office to ensure its legal validity and enforceability.
Legal Effect: Once a partition deed is executed and registered, it legally divides the property among the co-owners as per the terms specified in the deed. Each co-owner obtains individual ownership rights over their respective share of the property, enabling them to deal with it independently.