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 purchaser`s possession if the purchaser has entered into possession of the property that is the subject of the transfer, while fully acquiring its portion 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. 2.7%, 3.6% or 4.5% of the market value of the property depending on the location of the property (shares, scrip, stock, etc.) In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a deed of sale has been executed and registered in accordance with Indian registration law. Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. There are certain agreements that are mentioned under the Indian stamp law, which should be made on stamp paper, but which should not be registered by force, such as transport for market value (No. 23) rupees five thousand rupees seven thousand rupees ten twenty thousand rupees forty-five thousand rupees equal in duty than on transport. In the case of a gift to spouses, brothers, sisters, rule ascendants or descendants 10 ₹ for each 500 ₹ or part of it (about 2%) Market Value An agreement for sale is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. “A real estate sale contract is a contract to sell the property under the terms set by the parties” – Section 54.
In addition, Section 54 specifies that there is no interest or charge for such a property per se. 500 – 0.5% of the contract value greater than 10 lakhs. The maximum tariff is 25 Lakhs 4.4 In addition, s.14 prohibits the letter of a second taxable instrument on a stamp paper on which a taxable instrument has already been written. 4.1 P.17 of the law provides that all instruments subject to tax and exported to Maharshtra in Maharshtra are stamped before or at the time of execution, or immediately after or on the working day following the day of execution. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement.
Like contract law in most countries, the Indian Contract Act of 1872 considers that all agreements that meet the essential requirements of free consent, legitimate consideration and lawful purpose are valid and applicable.