There is no savings/deeming system under the law that takes into account the fate of unregistered ATS exported before May 1, 2017. In order to determine the fate of these ATs, the law could have been considered to be registered under the Act before May 1, 2017 (subject to payment of a royalty to the negotiator concerned), provided that even the ATS that were executed before May 1, 2017 were registered within a specified period, as provided for the registration of current projects pursuant to Section 3 of the Act.B. Is your main objective of the consultation whether or not the implementation of the agreement is valid in the manner above? Yes absolutely vaild subject to the payment of a sufficient stamp duty either the franc or the purchase of stamp paper and the non-delivery of the property. And the owner or authorized person must be signed on all pages. In addition, if you do not have any problems related to the title of the property, the reputation of the owner, the terms and conditions of the agreement, the type of payment on the consideration that you can issue after the dated check. However, the PAN card is only required at the time of registration of the sales communication if your sales equivalent exceeds 50 Lakh for TDS purposes. Otherwise, it is not mandatory in most under-registration offices. Therefore, if the seller had been signed on the agreement in favour of himself, the registration is sufficient in the eyes of the law. An unregant sales contract is not valid under the law. You cannot impose it by a court if the owner fails to make the property available to you in accordance with the sales contract. This means that any agreement on the sale or sale of unregistered laws is not valid and cannot be considered valid evidence in court regarding such property. Nor does it give power over the property or a right. Therefore, it is of the utmost importance to enter into an agreement to sell or sell the facts in order to complete the sale or transfer of real estate.
It seems some suspicions about this deal, you can lose your hard earned money if you are still attracted and hurry because of it, be more careful and manage patience to verify the veracity and confirm authenticity before entering into such an agreement. There are a large number of projects in progress in which the developer may have asked the buyer for more than 10% of the cost of the property under the ATS and may have been donated by him, which were (in the absence of requirement) and are still not registered. 3) Once you sign a sales contract, you will be bound by its terms and conditions. Section 49 of the Registration Act 1908 deals with the effect and validity of an unregured document to be recorded. It states that a contract for the sale of real estate providing for the sale on terms agreed between the parties (sale agreement or ATS) does not in itself create any interest in the property or a tax. Section 54 of the Property Transfer Act, 1882 (TPA), defines the sale as a transfer of ownership at a price and provides that the sale of land worth more than 100 INR (cent) can only be done by a registered instrument. It should be noted that section 54 does not provide for the mandatory registration of the deed of sale, that is, the instrument used for the sale of real estate, but does not require the registration of the ATS. The purchase agreement is not mandatory. Your sales contract is valid and inherited.
The builder/developer disappears from the scene if you approach it several times after paying all or a substantial portion of the amount of the consideration for the sale.