Your parents might have passed away and they had owned a land. You have brothers and sisters to inherit the land. You're getting a problem because the original copy of the Transfer Certificate of Title (TCT) of your parents was lost. What you've found is only the certified true copy of the TCT. And now you may asked, "Is the certified true copy of the Transfer Certificate of Title (TCT) sufficient to proceed with the extrajudicial settlement of the land
" or "Is the original copy of Transfer Certificate of Title (TCT) required for dividing the land among the siblings of the deceased parents?
What you can do here is you need a lawyer because the lawyer will file a reconstitution in the event you cannot produce the duplicate original TCT anymore by reason that it has been lost. Because that would be needing in the event that the property will be divided and transferred among the heirs.
But for purposes of extrajudicial settlement, there's no need for the original title (TCT) because that can be referred. Certified true copy of TCT will do.
You can do an extra-judicial settlement contractually although the title has not been really passed unless the heirs want to subdivide it and have multiple titles. Otherwise a contract of extra-judicial settlement is valid and binding among the parties.
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"Is the original copy of Transfer Certificate of Title (TCT) required for dividing the property among the siblings of the deceased parents?"
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and updated on 23 September 2016