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anil bhatia (IT Manager)     14 May 2012

Liability of sellers - gpa

Dear Legal Experts,

I have purchased a property in GB Nagar from a person who had GPA in his/her name ( i have done 60% payment already) when i approached the Bank for taking loan of remaiing 40% amount, they refused citing reason of supreme court ruling on GPA. 

Now, if i get this property registered in my name today by taking personnel loan from some individual. Will i be able to sell the property after resigerted deed is done in my name. and will there be any irregualrity or problem in future?

Kindly put light on this issue.

 

Best regards.



Learning

 2 Replies

adv. rajeev ( rajoo ) (practicing advocate)     14 May 2012

If you got the regd., sale deed in your favour, you can sell it.

Adv.R.P.Chugh (Advocate/Legal Consultant (rpchughadvocatesupremecourt@hotmail.com))     14 May 2012

GPA/Agreement to Sell have ceased to be 'title' only after Oct, 2011 - if the seller got this GPA before that time, there is no reason to worry. And insist on a registered sale deed in your favour - and there won't be any problems in future. 


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