If the spouse holds the property jointly, their equity can divide it. To reasonably arrive at the individual stakes, you can get the property assessed, by the market value of the property. Also, when a spouse is holding the title of the property jointly, they are required to do the requisite paperwork and transfer the ownership, in the account of one person.
These are the following options accessible if the property is held jointly:
Dividing property is a lot easier, in the case of a mutual divorce. In such scenarios, the spouse can decide together, as to how they want to dispose of the property.
As per the current laws, a woman seeking divorce is not entitled to any share in the husband’s estate. As per the current regime, the ownership of the house ceases with the person, who is holding the title. If the title of the property, for example, is in the title of the husband and both, the wife and the husband acquired it together, the wife will have to prove her claim, and the court will settle the same.
On the other hand, when men acquire property with their money and register it in the signs of their wives, to avail of the advantage of lower registration fees, in such scenarios, the wife can extend to retain the ownership of the house.
Only when a person can prove in court that he has funded the property acquisition, will he be entitled to a share in the estate, even though the title may be in the account of the other man. In a smooth divorce, one can divide the property through mutual consent, or based on individual contribution or ownership.