Need help with land purchase docs in Navi Mumbai

who is seller?

a) original allotee under 12.5% Scheme?

b) is it tender plot?

if answer is b) then following steps you must take. 

Reply to your parawise question:

1) First seller has to obtain the NOC from the CIDCO to transfer the said plot in your name.

2)As you already paid 20% amount of the consideration. you may make the payorder in the name of seller and handover the cash and PO at the time of executing the sale agreement at the office sub registrar of assurance.

3.1) without registered documents the plot will remain in the name of the seller. you must have registered the documents before the sub registrar of assurance.

3.2)  After registration of sale deed you have to produce the certifiy true copy of sale deed to the CIDCo with payment of neccessary transfer charges, then CIDCO will issue final order in favour of you confirming that you are the owner of the plot.

Thanks Mr Joshi,

It's a tender plot

I have more queries now:

1. While the seller gets an NOC from CIDCO, can we execute the Sale Deed and register it?

2. Seller wants more payment before final registration. Can I pay him more and rely on the sale deed that it will protect me and won't let seller walk out from the deal?

3. Since the stamp duty to be paid is on Ready Reckoner rate, which document will have the actual deal amount (except black) that I can produce to Income Tax Department and Bank for Loan? Is it Sale Deed?

Thank you very much once again.

1) yes you can.

2) Just show payorder to him before executing the sale deed. handover him immediately at the sin of sale deed for registrar. 

3)  stamp duty payable on market value as per ready reckoner

But the market value according to ready reckoner is not even half of what I'm paying to the seller in white, leave aside the black part! How do I tell the IT Dept what I have actually paid to the seller?

I reside in Hongkong and have some plots of land in Madh Island (Mumbai) we are 2 sisters who are the heir to these plots which are in the name of my parents who have expired I am childless but my sister has a daughter. does my sisters daughter have any rights to these plots after my sisters death. as I want to sell these plots but my sister is refusing thinking since i have no child all the plots will go to her daughter

Dear sir

This is to bring to your kind notice that savitri group   had approached  us
for partnership business and after finalizing the terms and conditions
with him  we ( sabhajit and ashish )   entered into an MOU   on 17 may
2011
As per the MOU  agreement which was duly signed by both of us and not
Notarized, and as per the terms and conditions mentioned in the
Agreement of MOU  which we had mutually agreed, he  supposed to
handover the possession within 24 month .

It was also agreed that he  will pay Rs. 70000 pe rmonth if there is
any delay    It had come to our  notice that from April 2011 till date
there is no work started at the site.

Hence as the clause mentioned in the MOU  agreement  that either he
should  pay us  the entire amount with interest  or he will give the
premises in padbramha

We   realize that savitry group construction has taken another two
plot  from  abhinash  in lieu of said plot in seawoods    .   He only
returned  12 lacs to aashish  that  without  paying any interest
interest
We  have already paid them Rs. 3200000/- (thirty two lakh )

We have paid him above amount taken loan with  city bank  and local
borrower Mr. Mehta Unfortunately, however, we  experienced an
uncomfortable situation with his  payment schedule  ,due to delay in
payment of EMI  caused us a lot of mental stress , waste of time and
energy.  Delay in payment EMI  which I am paying  penalty and recovery
charges  to banks  .

Hence as the clause mentioned in the MOU  agreement vide this notice I
intimate that either he  pay me the entire interest after service him
of this notice, to the undersigned or the undersigned will institute
legal proceedings against him , to declare  occupy  premises in
padbramha
Enclosed  above for your review that supports my concerning .If you
need any further information, please  email me I look forward
to hearing from you soon and  a quick and positive reply.

Regards
sabhajt