So, who gets to own Jayalalithaa’s properties?

Over six months have passed since Jayalalithaa’s death, but it is still not known who would finally get ownership of her properties

shivani

Shivani Chaturvedi | July 31, 2017 | Chennai


#Deepa   #Ooty   #Poes Garden   #Sasikala   #Jayalalithaa   #properites   #will  


  It’s been over six months since then Tamil Nadu chief minister J Jayalalithaa died, yet it is still not clear who would finally get to own the sprawling bungalow at Poes Garden and her other properties.

 Legal experts say no one has come forward yet to file a case and stake claim over the properties. 
 
Madras high court advocate Sivasankar says that only Jayalalithaa’s niece Deepa and nephew Deepak, who is the son of Jayalalithaa’s late brother J Jayakumar have the legal right to claim the property, but nothing has been done till date.
 
He adds, “It seems as on date everything is under custody of AIADMK chief VK Sasikala and her clan. Apparently Poes Garden is in Sasikala’s custody and others like Deepa (Jayalalithaa’s nephew) are not permitted inside. Even the estate in Ooty is held by Sasikala.”
 
Nobody knows to whom the legal heir certificate has been issued, says Sivasankar who adds, the certificate should be issued based on the application for class II legal heir status.  
 
As of now, there is no record of a will left behind by Jayalalithaa.
 
   
 Retired justice D. Hariparanthaman says there are only speculations over who would acquire her properties. No one knows the exact status.
 According to the affidavit submitted by Jayalalithaa in her nomination paper for the 2016 assembly election from RK Nagar constituency in Chennai, the total value of her assets was Rs 113.73 crore. She had movable assets worth Rs 41.63 crore and immovable properties were valued at Rs 72.09 crore.
 
 Details of movable assets:
 
 Cash in hand - Rs 41,000.
Bank deposits - Rs 10,63,83,945
 Investment in bonds, debentures and shares - Rs 27,44,55,450
 
Jayalalithaa in her affidavit said that deposits and shares with the companies were seized by the police and were under the custody of special court Bangalore, in the case relating to disproportionate assets against her.
 
 Investments in five firms as 'partner', which are together worth Rs 27,44,55,450. The firms are Shri Jaya Publications, Sasi Enterprises, Kodanad Estate, Royal Valley Floritech Exports and Green T Estate.
 
Motor Vehicles - Two Toyota Prado SUVs, together valued at Rs 40 lakh. An Ambassador car of 1980 model, a Mahindra Jeep, a Mahindra Bolero, a Tempo Traveller, a Swaraj Mazada Maxi, a Contessa (1990 model), and a Tempo Trax. Total value of all the vehicles is Rs 42,25,000.
 
 Jewellery - 1,250 kg of silver articles valued at Rs 3,12,50,000.
 
Jayalalithaa said that gold articles weighing 21,280.300 grams are lying in the Karnataka treasury and are not in her possession, so their exact value could not be ascertained.
 
 Details of immovable assets:
 
 Agriculture land
14.5 acre of land in Hyderabad, bought in June 1968 - current market value Rs 14,44,37,300
3.43 acres of land bought in December 1981 in Cheyyur village, Kancheepuram district of Tamil Nadu- current market value Rs 34,00,000
 
 Commercial buildings
79, Poes Garden, Chennai, bought in July 1991 - current market value Rs7,83,10,500
Sri Nagar Colony, Hyderabad bought in December 1967- current market value Rs 5,03,75,490
Flat in Teynampet, Chennai bought in April 1990- current market value Rs 4,60,000
Flat in Mandaveli, Chennai bought in July 1989- current market value Rs 43,25,000

 Residential buildings
Veda Nilayam, built in an area of 24,000 sq ft in the posh Poes Garden locality of Chennai. The house is valued at Rs 43.96 crore. Jayalalithaa, along with her mother, bought the property for Rs 1.32 lakh in 1967.
 Liability
 
Her total liabilities were around Rs 2.04 crore.
 

Comments

 

Other News

Covid-19: India crosses 1 crore tests milestone

India has achieved a significant milestone as the number of Covid-19 tests conducted in the country so far has crossed the 1 crore milestone. This signifies the importance accorded to widespread testing and the focussed ‘Test, Trace, Treat’ strategy with several follow-up measures taken in tand

“Practise ‘mental distancing’ to keep calm amid epidemic”

Half way through the year 2020, it has been a tough time all around the world: Covid-19 epidemic, loss of lives, economic hardships and also numerous other problems – natural disasters and political protests. Coming together, it all has mental health under immense strain. To discuss this and othe

Understanding immunity: How to boost it during Covid-19

In a first, the Department of Home Science, Sri Padmavati Mahila Visvavidayalam (Women’s University) Tirupati, Andhra Pradesh, recently organized an international webinar on “Nutrition and Immune System Support during COVID-19 Pandemic”. Speakers included eminent national and internationa

Covid-19: India’s recovery rate improves to 59.43%

Even as Unlock enters the second phase, the number of Covid-19 infections continues to rise to record levels and India remains No 4 in the worldwide list, yet there is glimmer of hope: its recovery rate is also rising in tandem. There are 1,27,864 recovered cases more than the active Covid-1

Coming soon at a station near you: private trains!

A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with. The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operatio

A place of local democracy in pandemic governance: The case of Mumbai

Democracy in India is now taken for a fact, with an unstated assumption that all our institutions are democratic and hence often our successes and more often failures are attributed to ‘democracy’. However, a key frontier where democracy remains a challenge is that of local governments and that



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter