I desperately need Rs 35 Lakh and so I want a family transfer contract and registration after 12 months if I will not repay money to terminate the sales contract. If it is feasible and what is the cost “Any contract of sale (contract of sale) that is not a registered deed of transfer (deed of sale) would not meet the requirements of sections 54 and 55 of the Transfer of Ownership Act and would not lend title or transfer shares in real estate (with the exception of the limited right granted under section 53A of the Act). on the transfer of ownership). Hello Sir, We are buying properties in the Pradhikaran area. Could you clarify my doubts? 1) The seller, the seller`s lawyer and the seller`s bank ask us to execute a sales document instead of the sales contract. I want to know its pros and cons. (Please note that the seller has taken out a loan from a bank for this property. Buyers are also considering borrowing from the same bank. That is why I defined the term “seller`s bank” in the above statement) 2) The sale value of the property is: 74 Lakh, so if we mentioned 52 Lakh in the deed of sale, then what are the advantages and disadvantages. Read more ” Remember here that both parties must comply with the conditions set out in the sales contract. Any party that fails to comply with any of the conditions set out in the agreement may be brought before the courts if the other party so wishes. All parties concerned should also ensure that this document can be invoked as legal evidence before the courts of the law and that all those who have agreed to comply with the conditions are legally bound by it. Even if the signing of the sales contract does not mean that the sale is over, it is a decisive step in this direction.
For this reason, buyers need to know precisely the conditions set out in the agreement. We buy a new apartment in Marunji that falls under the PMRDA. The sales agreement is concluded by the client and us. When should we make a certificate of sale? Builder said that no such document is given by us. We have heard that real estate registration fees in 2020 are 3% due to the pandemic, but this percentage will increase to 6% in 2021. It`s true? If this is so, is it normal that the sales contract is made now in 2020 and the deed of sale in 2021, in order to save a little money that we will have to spend more than 3% in 2021? looking for your clarification for the same….