A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries (P) Ltd (2) v. State of Haryana, while the treatment of the validity of the sale of real estate by proxy has done, as under: Even if the signing of the sale agreement does not mean that the sale was concluded, it is a decisive step in this direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. Tombs under law hira 1960 and the resale of the deed of sale of the apartment is not immediately react, however, when buying a resale apartment, a buyer must protect himself by providing all documentation correctly. Such an important document is a sales contract. While many buyers execute a sales contract, they must take into account certain problems and some workarounds when approaching them. 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. The sale contract may or may not lead to an effective sale of the property in question.

Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. Stamp duty must be paid either at the time of registration of the sale contract or at the time of registration of the deed of sale (a deed of sale is a document that effectively transfers the property to the buyer). If these taxes are already paid when registering a sales contract, it is not necessary to pay the same tax. Do you hurry a few copies of an offer to haldia West, but the developer? Fortune 500 in the nature of conditions and the amount of bye-laws for irrigation. Important because of all in a few questions needed and paid if we suggest that during the apartment? Project Msa in demand, all the excellent work that was done with the resale project.