Legal Question in Real Estate Law in India
1. we made a sale agreement of selling property in april 1994 on 20 rupees stamp paper without registration and not infront of any notary of govt. of India.
2. total value of the property was 46,000. conditions laid down in the agreement was buyer has paid 10,000/- in advance and agreed to pay rs.30,000 within 6 months and rs.6000 at the time of registration.
3. Since some legal hurdles were there on property due to the lands reform act it is also mentioned in the agreement that the seller should not demand more than the above said amount at the time of registration.
4. the buyer has not paid anything else other than the advance amount till date and the buyer expired 5 yrs back. Buyer was not married and now his brothers and his old aged mother claiming for the buyers right.
5. kindly advice me that whether this sale agreement is valid now also. If it is valid can buyers brothers and mother claim for this property.
3 Answers from Attorneys
It would be barred by law of limitation, they cannot claim.
dear client...
Need to go through the agreement so that better position can be derived..
yes due to time limitation they can not make any claims...
send the copy at [email protected]
with regards
uttam
Related Questions & Answers
-
Respected Sir CONDITION :-Buyers Cash Margin Paid to Seller, & Registration of... Asked 2/09/13, 12:45 am in India Real Estate and Real Property
-
Respected Sir CONDITION :-Buyers Cash Margin Paid to Seller, & Registration of... Asked 2/09/13, 12:06 am in India Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
