The terms and conditions of the selling of a property (movable or immovable) to the buyer are outlined in a Sale Agreement. The agreement for the transfer of rights to immovable property worth more than Rs. 100/- must be registered under the Indian Registration Act, 1908. Sale is defined as a transfer of ownership for a price under Section 54 of the Transfer of Property Act, 1882, and should only be made through a registered instrument if the value of the immovable property exceeds One Hundred Rupees.
Unregistered Sale Agreements are legally enforceable, and any stamp charges that are not paid can be paid through a court judgment. The agreement will be in effect for three years from the date of completion. If the agreement contains a negative term, such as requiring the buyer to register the property within three months, the restriction period is prolonged by that amount of time.
Register your property and get a sale agreement done conveniently with Nobroker legal services. Read more: What is the unregistered sale agreement validity period? Can a registered sale agreement be cancelled?Your Feedback Matters! How was this Answer?
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Can a un registered sale agreement is enforcible? And whether it is valid?
J KINGSTON NIRMAL KUMAR
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3 Year
2022-01-03T10:24:47+00:00 2022-01-10T08:54:38+00:00Comment
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