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vipindesai2002 (SFM)     28 May 2010

Adding/deleting the purchasers' name after sale-agreement

An agreement to sell is already executed  by A & B as purchasers  being husband and wife and C as seller.If before execution of sale deed they decide to have the property only in the name of A ,any agreement is required to modify the agreement to sell or simply by requesting the builder at the time of sale deed this can be done?If any agreement/deed is required to modify the agreement to sell,pl.guide as regards the same and stamp duty etc.,too.

As I understand agreement to sell in itself does not make the purchasers owners and hence there is no need to transfer/relinquish/release/gift share of one to another through any deed.Only after sale deed is executed with two names and after that such change is required relese deed/gift deed should come in picture.

But i am not sure.Can the advocate friends guide?



Learning

 2 Replies

Adv. G. A. Gagdani (ADVOCATE AND LEGAL CONSULTANT)     28 May 2010

yes you are correct only after registering sale deed any person becomes owner of such purchased property.

SHARAD CHANDRA DANEJ (Asstt. Manager)     31 May 2010

Dear Vipin, Mr Gadgani is right. But builders make money by charging from innocent purchasers. S C DANEJ


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