Legal Question in Civil Rights Law in India

Hi, I have purchased a flat few years back for Rs.29,00,000.I have made the payment of entire consideration (mostly by bank loan)and i have all the details of payment. But its registration was not done till now and the vendor is now ready for the registration.The advocate of the vendor has sent me a sale deed in which the consideration mentioned is just 10,00,000. I inquired with few advocates and bank authorities and came to know that the vendor is almost a loser now, unable to pay lot of projects.The advocates are advising to complete the registration at the earliest, so that the ownership is intact and then after which legal remedies could be taken for the wrong consideration given in sale deed. They say if we communicate to the vendor about the wrong amount in the sale deed, they may just retreat from any registration. Please advise what would be the after effects if we go with registration now. Also advice what is the best way to handle this.


Asked on 3/10/14, 2:15 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

11.03.2014

Dear Sir / Madam,

I rely on the following business maxims :

94 - "If you think something is wrong, it probably is"

152 - "Never compromise your integrity" and;

165 - "Fix it now ... or it will still be there tomorrow - only worse."

In my opinion, you should get the Agreement for Sale duly stamped and registered for the correct amount of Rs. 29,00,000/- to avoid any problems in future.

Regards,

Read more
Answered on 3/10/14, 10:13 pm


Related Questions & Answers

More Civil Rights Law questions and answers in India