தமி நா त मलनाडु Tamil Nadu

FAMILY PARTITION AGREEMENT

THIS DEED OF PARTITION made at Musiri this 27th February, 2023. Between Mr.P.AARUCHAMY, aged
about 62, s/o late Mr.A.Padayyapan, Residing at No.11, SRG Pudur, Musiri, Thiruchirapalli District-621211,
Hereinafter called First Party of the First part,

AND

Mr.A.VEERA RAGAVAN, aged about 37, s/o Mr.P.Aaruchamy, Residing at No.45, Mariamman Street, Musiri,
Thiruchirapalli District-621211, Hereinafter called Party of the Second Part,

AND

Mr.A.DURAI SINGAM, aged about 33, s/o Mr.P.Aaruchamy, Residing at No.18, SRG Pudur, Musiri ,
Thiruchirapalli District-621211, hereinafter called Party Of the Third Part.

WHEREAS the parties hereto are members of a Joint Hindu Family and are joint in food, worship and estate
and WHEREAS the party of the First Part is the Karta and Manager of the Joint Hindu Family and WHEREAS the
party of the Second Part and the party of the Third Part are the sons of the party of the First Part.

FIRST PART SECOND PART THIRD PART

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And WHEREAS the parties hereto are coparceners in the said Joint and Undivided Hindu Family and WHEREAS
the parties hereto hold the properties of the said Joint and Undivided Hindu Family as coparcenary properties and
WHEREAS the parties hereto, have, by mutual agreement amongst themselves, agreed to separate in food, worship and
estate.

Accordingly, the properties mentioned in the Schedule “A” is to be enjoyed by the party of the First Part
during his lifetime without any interest and after the lifetime of the party of the First Part, the Party of the Second
Part shall be entitled the property with absolute rights.

WHEREAS, the properties mentioned in the Schedule “B” is to be entitled by the Party of the Second Part
with absolute rights.

WHEREAS, the properties mentioned in the Schedule “C” is to be entitled by the Party of the Third Part
with absolute rights.

SCHEDULE “A”

The Properties which is to be enjoyed by the party of the First Party during his lifetime and entitled by
Party of the Second Part are as follows:

1. House located in 350 Sq.ft., Survey No:51-A in No.11, SRG Pudur, Musiri, Thiruchirapalli District-
621211.

VALUE : Rs.3,00,000.00

2. Agricultural Land around 3 Acre in SRG Pudur. Survey No:264-5D, Located in

North to Mr.G.Senthil’s Land,

South to Mr.V.Guna’s Land,

West to Mr.T.Velu’s Land &

East to Mr.R.Thambi”s Land.

VALUE: Rs.15,00,000.00

3. Borewell located in the Land Survey No.264-5D.

VALUE: Rs.20,000.00

4. Electricity connection No:183 in the above said borewell and 5 HP Motor set.

VALUE: Rs.15,000.00
 FIRST PART SECOND PART THIRD PART

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5. The right to common path to the above mentioned property.

VALUE: Rs.60.00

TOTAL VALUE OF SCHEDULE ”A” = Rs.18,35,060.00

SCHEDULE “B”

The properties which are to be entitled by the Party of the Second part with absolute rights are as follows:

1. Agricultural Land around 10 Acres and 18 cents in SRG Pudur, Survey No: 254-5D, located in

North to Mr.M.Kabilan’s land,

South to Mr.V.Rangan’s land,

West to Mr.D.Vembuli’s land,

East to Kulandhaivellappar Hills.

VALUE: Rs.1,00,00,000.00

2. Well in the above said land in 100 Sq.ft, its tank, drain.

VALUE: Rs.40,000.00

3. Electricity connection No:199 in the above said borewell and 10 HP Motor set.

VALUE: Rs.25,000.00

4. The right to common path to the above mentioned property.

VALUE: Rs.71.00

5. 300 Sq.ft land at Survey No: 49-P in No:62, Kurunji Nagar, Musiri, Thiruchirapalli District-621211.

VALUE: Rs.2,00,000.00

TOTAL VALUE OF SCHEDULE “A”: Rs.1,02,65,071.00

 SCHEDULE “C”

The properties which are to be entitled by the Party of the Third part with absolute rights are as
follows:

1. House located in 300 Sq.ft., Suevey No: 67-T in No.18, SRG Pudur, Musiri, Thiruchirapalli District-
621211.

VALUE: Rs.2,80,000.00

FIRST PART SECOND PART THIRD PART

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2. Agricultural Land around 15 Acres and 1 cent in SRG Pudur, Musiri, Thiruchirapalli District-624619.
Survey No:313-6S, Located in

North to Mr.K.Vikram’s Land,

South to Mr.B.Dhilli’s Land,

West to Mr.S.Bhavani’s Land,

East to Mr.V.Santhanam’s Land.

VALUE: Rs.1,25,00,000.00

3. Well in the above said in 250 Sq.ft, its drain and Tank.

VALUE: Rs.1,00,000.00

4. Borewell located in Survey No.313-6S

VALUE: Rs.19,000.00

5. Electricity connection No:149 in the above said borewell and 10 HP Motor set.

VALUE: Rs.25,500.00

6. The right to common path to the above mentioned property.

VALUE: Rs.100.00

TOTAL VALUE OF SCHEDULE “C” : Rs.1,29,24,600.00

 SCHEDULE VALUES SUMMARY

SCHEDULE “A” VALUE : Rs. 18,35,060.00

SCHEDULE “B” VALUE : Rs.1,02,65,071.00

SCHEDULE “C” VALUE : Rs.1,29,24,600.00

TOTAL VALUE : Rs.2,50,24,731.00

NOW THIS DEED WITNESSETH THAT:

1. The parties hereto declare that they, as coparceners of the said Joint Undivided Hindu Family are Joint and
Absolute owners of and are well and sufficient entitled to the properties set out in Schedule A, B & C hereto.

2. The parties hereby put an end to their Joint Undivided Hindu Family status and separate themselves from one
another in food, worship and estate.

FIRST PART SECOND PART THIRD PART

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3. If anyone acquired loans or property before the Partition, it will belong to them and since the Partition is
over, there is only Blood Relationship between these Three Parties and no Property related Relationship.

4. The Electricity and Water connection should be changed in their name after the Partition.

ARBITRATION CLAUSE:

WHEREAS differences and disputes have arise between the parties above mentioned regarding the matter of
Agreement for Family Partition and the parties could not mutually settle the matter. Now the parties agree that the
matter as under be referred to arbitration to obtain an award.

1. For the purpose of final determination of the dispute, the matter will be referred to an Arbitrator appointed
by Arbitration center in Musiri and their award shall be final and binding on both the parties.
 2. A reasonable time-limit may be fixed after consulting the arbitrators for the grant of the ward by them and
umpire if appointed and the said time may br extended in consultation with the arbitrators or umpire if need
be.

3. The provisions of the Arbitration and Conciliation Act, 1996 so far as applicable and as are not
inconsistent or repugnant to the purpose of ths reference shall apply to this reference shall apply to this
reference to arbitration.

4. Both the parties agree that they would co-operate and legal evidence etc. with the arbitrators so appointed
as expeditiously as possible and it is an express condition of this agreement, that if any of the parties non-co-
operates or is absent at the reference, the arbitrators would be at liberty to proceed with the reference ex
parte.

5. The parties hereto agree that this reference to arbitration would not be revoked either by death of either
party or any other cause.

FIRST PART SECOND PART THIRD PART

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SCHEDULE OF PROPERTY

(DEMISED PREMISES)

IN WITNESSES WHEREOF THE PARTY OF FIRST, SECOND AND THIRD PART HAVE SIGNED THIS DEED ON THE
DAY MONTH AND YEAR FIRST ABOVE WRITTEN.

FIRST PART SECOND PART THIRD PART

WITNESSES

1.
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