Agreement to Sell Property in Delhi

“Any contract of purchase (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 does not confer title or division of transfer in a property (with the exception of the limited right granted under section 53A of the Transfer of Ownership Act).” The agreement on the sale or the deed of contract is registered for the sale of hereditary building rights or if there is a promise of future transfer. As the name suggests, the agreement is registered for sale if the seller is not the absolute owner of the property and agrees to sell the property, since the title is transferred with the government. Thus, it is agreed between the parties that whenever in the future the clear property is granted by the government, the property in question will be sold to the intended buyer. In the present case, the real estate developer had argued that the date of registration of the project with the Real Estate Authority (RERA) should be considered as the date of award. However, the SC decided that all the conditions set out in the purchase contract, including the construction plan and the award date (regardless of the reRA registration date), are binding on both the seller and the buyer. Thus, the seller must hand over the ownership of the property to the buyer in a time-limited manner specified in the purchase contract. A purchase contract is a promise in the future that ownership will be transferred to the rightful owner, while the deed of sale is the actual transfer of ownership to the buyer. In cases where you have purchased and taken possession of a property under a purchase agreement, title to the property will remain with the developer unless a deed of sale has been signed and subsequently registered under the Indian Registration Act. This clearly shows that a title deed can only be transferred by a deed of sale.

In the absence of a duly stamped and registered deed of sale, the buyer of the property has no right, title or share in any property. A deed of sale is a legal document that proves that the seller has transferred absolute ownership of the property to the buyer. Through this document, the rights and interests in the property are acquired by the new owner. A deed of sale usually consists of the following information: A sale agreement is an agreement to sell a property in the future. This agreement defines the conditions under which the property in question is transferred. “A contract for the sale of immovable property is a contract under which the sale of such immovable property takes place on the terms agreed between the parties” – Article 54 of Article 54 also provides that “it does not in itself create any interest in such property or costs for such property”. According to the Indian Registration Act of 1908, any agreement to transfer shares in a property worth more than one hundred rupees must be registered. Thus, if you have purchased a property under a contract of sale without an appropriate deed of sale, you will not receive any right or interest in the property that is supposed to be transferred under the purchase contract. A sale agreement is an agreement to sell a property in the future. This agreement defines the conditions under which the property in question is transferred.

The Transfer of Real Estate Act of 1882, which regulates matters of sale and transfer of home ownership, defines the purchase contract or a purchase contract as follows: the deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer, who then acquires absolute ownership of the property. The purchase contract may or may not lead to an actual sale of the property in question. Some of the stamp duty laws, such as the Maharashtra Stamp Act, consider an agreement to sell a property on the same basis as an appropriate deed of transfer and are therefore subject to the same stamp duty applicable to the appropriate deed of transfer or sale of a property. Because of these provisions that require the payment of stamp duty on a contract of sale, people mistakenly perceive a contract of sale as an appropriate deed of sale. Well, how crucial due diligence is when it comes to property-related documents becomes when we review the incidents mentioned below.. .