Section 221: Matters to be set out in inventory

Estimated reading: 2 minutes 3 views

1) The following matters shall be set out in the inventory of the property to be submitted pursuant to this Chapter:

(a) The place of location of land, plot No., area and approximate value thereof,

(b) In the case of a house, place of location, plot no, area, Kabal (rooms), Naal (size), storey of the house, whether it is concretely built or mud made, and approximate value thereof,

(c) In the case of a movable property, details and approximate value thereof,

(d) In the case of cash, details thereof, and also details of bank balance, share, debenture, treasury bills, if any,

(e) In the case of livestock, details and approximate value thereof,

(f) In the case of gold, silver and jewellery, details and approximate value thereof,

(g) In the case of a motor vehicle, details and approximate value thereof,

(h) Details and approximate value of the properties, if any, other than those referred to in clauses (a) through (g).

2) If the value of any property is not set out pursuant to sub-section (1) or a dispute arises as to the value thereof, the court shall take the basis of the price fixed by the Land Revenue Office, in the case of an immovable property, and of the prevailing market price for the time being, in the case of a movable property.

Share this Law

Section 221: Matters to be set out in inventory

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.
Antimanual

Ask our AI support assistant your questions about our platform, features, and services.

You are offline
Chatbot Avatar
What can I help you with?

Federal Election 2082 Portal – NepalLaws

Access a curated collection of legal resources, election countdowns, and simplified explainers for the upcoming House of Representatives elections.