Registration Of Agreement To Sell Uttar Pradesh
Signing a purchase agreement becomes important given several factors. First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute. Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. Before registering the property, citizens who are interested must first make an appointment on the site. For an appointment, set the date and time online. The registration procedure is settled the same day after the presentation of the property/property. In the case of Surendra Kumar v. Amarjeet Singh and Ors. AIR 2004 Allahabad 335 has decided that the contract for the sale of unreg registered real estate cannot be enforced under the specific Relief Act.
, section 16 of the Specific Relief Act, Section 17 of the Registration Act, is prohibited from categories of documents that are required to be registered. Section 17 Clause (v), Subsection 2, after it was amended by the P.U. Law 57 of 1976, which came into force on 01.01.1977, is written as follows: this absolute rule is subject to the exception of Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the property granted to the purchaser if he has entered into possession of the property that is the subject of the transfer, while fully acquiring his part of the contractual obligation. It should be noted that Section 53A provides the proposed purchaser with a shield against the seller and prevents the seller from disrupting the purchaser`s property, but it does not cured the buyer`s property. The property`s ownership remains in the hands of the seller. All transactions involving the sale of the property must be registered in India to ensure the transfer of a property of its own to the owner. The registration of the property requires the establishment of documents and the payment of stamp duty applicable to the deed of sale, which must be legally registered with the Lower Office. Department of Stamps and Registration manages the registration and transfer of ownership in Uttar Pradesh. In this article, we examine the procedure for registering Uttar Pradesh real estate with stamp duty. The verdict read: „If all sales contracts are forcibly registered, this will lead to a long way to discourage the production and circulation of dirty money in real estate and to undervalue documents for stamp duty purposes.