Sale Agreement Registry

The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016. The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. When an advance is paid, the sale price must be agreed between the buyer and the seller and must be indicated in the form of the sale. The sales file must contain all payment information that can be added via the draft requirement, cheque or online transfer, which is also essential in this case. The sale document is written on a valuable non-judicial stamp document prepared by the state government in which the real estate transaction takes place. Each state has a predetermined value of buffer paper used for land subscriptions. The sales record must be registered in accordance with the 1908 Registration Act to validate a sale. In addition, this can be done in the presence of both parties within the shelter. The format of the deed of sale must contain a complete description of the sales note, for example. B the name and address of the buyer and seller, i.e. the exporting parties. If the seller does not sell or return the property to the buyer, the buyer is entitled to a special benefit in accordance with the provisions of the Specific Relief Act of 1963.

A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer. The signing of the notice of use of the sales assumes that the seller transfers the property to the buyer, which cannot be revoked. It also means that they have complied with the terms, the agreed compensation and the full payment. The buyer holds the legal rights to the property. Summary: We checked some of the most common types of de-dislocated properties. I can no longer explain scenarios, but I do not want to confuse readers. Some of the scenarios are similar, but the execution mode is different.

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