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QLong story short, my brother and I are embroiled in a property dispute from the past 8 years, since our mother died suddenly. No father in the picture. She had verbally instructed to divide up the assets as follows,
1. 2 story house in Tier 2 city – To be given to me
2. Apartment B in Tier 1 city + Plot of land in Tier 2 city – To brother
According to my mother the asset values would equal out. However, my brother has contested that the house in my share is of a higher value and that I must buy out his share.
When I asked around for valuation from real estate agents in the area, I never got a very high value for the house from them like he claims.
This is where the dispute lies. He claims I must pay him to move ahead with the paperwork. What is the best and most accurate way to get evaluation done for properties to ensure the distribution is fair and equal for all? -
HAsk him how much extra money he thinks needs to be paid. And then tell him you can take his Tier 1 City + Apartment + Money and let him have the Tier 2 city house.
Or you don’t let him finish paper work for his transfer of property till he does not let you finish your.
Most accurate valuation would be done by IBBI Registered valuer. Make sure that his properties are valued too, so that you know you are getting an equal share.
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