Meaning of PANGUVIKIRAYAM

PANGUVIKIRAYAM

Language - Tamil

Tamil Word - பங்கு விக்கிரயம்

The sale of a coparcenary share or a portion of jointly owned property. Example: One of the co-owners decided to sell his 'pangu' in the ancestral property, leading to a legal process of 'panguvikirayam.' This term highlights the complexities of shared ownership and the legal procedures involved in transferring or selling a portion of jointly owned property. It is essential to have clear documentation and legal agreements to avoid disputes during such transactions.