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Our 80-year-old pagdi system building is going into redevelopment, initiated by the landlord. I have a few questions: What is the minimum area we will get for a 140 sq. ft. commercial shop? Is it 300 sq. ft. as per rules? The landlord is demanding ₹4 lakhs to add a legal heir’s name as co-tenant. Is it better to do this now, or can I ask the builder to add the legal heir as co-owner during redevelopment? What is the procedure and cost of transferring the property to a legal heir after the owner's death—during or after redevelopment? Is a succession certificate needed, and are registration charges payable as per government rates?
In redevelopment, 300 sq. ft. is commonly offered for 140 sq. ft. commercial space, but it depends on local policies and negotiation. ₹4L for legal heir addition is not legally fixed, check if it's necessary. After death, legal heirs need a succession certificate and registration fees are payable as per market value. For further legal assistance contact us on our helpline number.