Ancestral property is not only a piece of property that we inherit, it is also an emotion. Lack of knowledge about property often leads to confusion and disputes. The disputes regarding the ancestral property are quite significant and a lot of cases regarding ancestral property is found to be pending in various Indian courts. To avoid such problems, you need to know about various facts regarding ancestral property if you are going to own any ancestral property or if you have an ancestral property. Today we are going to discuss some facts about the ancestral property.
The term ‘Ancestral Property’ is quite familiar in the real estate sector. Ancestral property generally refers to an undivided family property that is possessed by four generations of male lineages, such as father, grandfather, great grandfather and great-great-grandfather. This highlights that the ancestor property is self-acquired and undivided. Ancestral property is immovable. Although previously the male lineage only could claim the rights over the ancestral property according to Hindu Succession (Amendment) Act, 2005 the daughters also have the same rights over ancestral property. To recognise the property as an ancestor property the property should fulfil two characteristics –
There are various types of ancestral properties, such as –
Although the ownership or claim on an ancestral property depends on the birth of the person lack of knowledge on various facts about the ancestral property, in many cases, forces the people to go to the courts for justice. In the real estate sector disputes over ancestral property are quite common. Thus, you can always consult with an expert if you face any problem regarding the same. Roodland India can help you in this regard. I assure you that you will be guided by the best experts who can solve your problems efficiently. So, please mail us at email@example.com if you have any further queries. Also, visit our Real Talks platform to read the latest and informative blogs and stay connected with the latest trends of the real estate market!