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What is the difference between self acquired and ancestral property
16-Jul-2023 (In Property Law)
After my maternal great grandfather's death,my great grandmother transfered the tenancy rights to my grandfather's name, my grandfather had 4 brothers nd they all gave their consent for the same, Now, would this property b called as inherited or self-acquried property? We belong to Hindu family. I want to know whether my mother has any right in this property or not. Also, my grandfather died on February, 2005 i.e. before the 2005 amendment.
Maternal grand fathers property acquired by gift or will is not considered as self acquired property it will be considered as ancestral property. As after 2005 amendment you mother had equal share in that property. Since father died before the amendment it will not be applicable for u.
Difference between Ancestral Property and Self-Acquired Property
Ancestral property under Hindu Law is called Coparcenary property, wherein after the 2005 amendment, even the daughters borne in any such Joint Hindu Family will also get their share like the sons. Before the amendment, only male members of the Joint Hindu family were called Coparceners.
On the other hand, a self-acquired property is any property purchased by an individual from his own resources or any property he acquired as a part of the division of any Ancestral/Coparcenary property. This also includes a property obtained through a legal heir or by any Testamentary document like Will.
Difference between Ancestral Property and Self-Acquired Property
Ancestral property under Hindu Law is called Coparcenary property, wherein after the 2005 amendment, even the daughters borne in any such Joint Hindu Family will also get their share like the sons. Before the amendment, only male members of the Joint Hindu family were called Coparceners.
On the other hand, a self-acquired property is any property purchased by an individual from his own resources or any property he acquired as a part of the division of any Ancestral/Coparcenary property. This also includes a property obtained through a legal heir or by any Testamentary document like Will.
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