Inherited property valuation in Mumbai

Mumbai is one of the few Indian cities where a will usually needs probate from the High Court before the flat can be fully transferred. The probate file needs a property valuation. So does the family settlement, and so does the sale that often follows. We prepare all three.

The Mumbai probate point, in plain words

For historical reasons, the law treats Mumbai, Chennai and Kolkata differently. If the person who died left a will covering property here, the executor generally has to prove that will in the Bombay High Court. The court fee itself is calculated on the value of the estate, so a defensible valuation is not optional paperwork. It decides what you pay.

If there is no will, families still need value on paper. It anchors the legal heirship steps and the society transfer. And it lets heirs who live in three different cities divide fairly, instead of arguing from three remembered prices.

What the report covers

• Value as on the date of death, which probate and succession work usually asks for.
• Value as on 1 April 2001 where the property is older, because the heir who later sells will need it for capital gains.
• Current market value for settlements between heirs, with the evidence shown, so nobody feels short changed.

One inspection can produce all the certificates the situation needs. That matters when the flat is locked and one brother has flown in for a week.

What is special about inherited Mumbai property

Old society buildings where the membership transfer is its own process. Pagdi tenancies inherited across generations. Buildings under repair board notices. A Worli sea facing flat bought for two lakh rupees in 1974. We document what exists today, and we reconstruct the older values with archive evidence, not guesswork.

Everything we do in Mumbai
The full guide to inherited property valuation
Articles about inheritance and property