MUTUAL PARTITION AGREEMENT BETWEEN CO-OWNERS
Instrument/application date: 1 April 2026
Party 1: X, X. Party 2: X, X. Other parties: X
Property: X; X. Regime: Punjab freehold/revenue-record property. Title source: X. Assessment value: ₹25,000 (Rupees Twenty Five Thousand only). Encumbrances: X.
EXISTING SHARES
Relationship: X. Existing shares: X.
DIVISION / ALLOTMENTS
Scope: Complete partition of the identified property. Party 1 allotment: X / X. Party 2 allotment: X / X. Other allotments: X
COMMON RIGHTS
Common access/easements retained as stated. Details: X.
POSSESSION
Separate possession delivered.
EQUALISATION
ENCUMBRANCES / DUES / DOCUMENTS
X. X. X.
AUTHORITY / FUTURE DEALING
Freehold property with no allotting-authority division permission. Future dealing: X.
INDEMNITY
X
DISPUTES
X
FILING
Filing/registration office: X.
AGREEMENT EFFECT
Agreement records binding terms to execute a later registered partition deed.
CONDITIONS PRECEDENT
X. Target final deed date: 3 April 2026.
LEGAL BASIS
Punjab: This template is drafted as an agreement to execute a later operative partition. For stamp duty, section 2(15) of the Indian Stamp Act, 1899 makes an agreement by co-owners to divide property in severalty an instrument of partition, so Article 45 applies; if the signed document itself creates separate title, section 17(1)(b) also requires registration. Punjab authority property remains subject to section 43(7). The stamping note sets out how the Article 45 duty is assessed.