How ancestral property becomes self-acquired property?

827 votes

Ancestral property in the hands of members of joint coparcenary family, or, joint/ ancestral family, becomes individual property (not self acquired as mentioned in query) in the hands of its members after partition took place in such a family. Each member of the coparcenary gets separate individual share after partition and same may be treated as self acquired property by them.

Advocate Deepak Verma LawRato

989 votes

There is no lawful provision wherein an ancestral property can be passed off as self acquired property. There is always a record of all the properties in the revenue office therefore in light of that record it would be next to impossible to pass off ancestral property as self acquired.
However, the ancestral property can be alienated/sold only on the grounds of " Legal necessacity " this term has not been defined anywhere. However, it is known to include situations like
1. Marriage of daughter 2. Repaying a debt 3. Or any other legal necessacity.

Advocate Sushant Kareer LawRato

922 votes

No procedure to change acenstral property into self acquired property. The only way that you may claim your share out of ancestral property and thereafter you may do whatever you want to do with that property.

Advocate Jagan Nath Bhandari LawRato

353 votes

A property that is not divided among four generations in a family can be called an ancestral property. An ancestral property becomes a self acquired property once it is divided between the stakeholder.

Advocate Chikirsha Mohanty LawRato