Ramesh (Manager audit) 29 June 2010

Purchase of Plot on past GPA transfer plot

Dear sir, i am Ramesh, residing in Bangalore, i am purchasing Plot in Hosur, the said plot has transfer in the following stages, stage 1. Ist owner of the plots sold to Agent by GPA, stage 2. Agent sold the plot to 2nd buyer through the Registration i,e sale deed.

Stage 3 The 2nd buyer sold to the 3rd buyer in same fashion by registration. Stage 4 Now we are planning to buy the said plot.

My question:

1. Whether ownership got transfer through the GPA to agent is valid?.

2. Whether in stage 2 and stage 3 buyers are having the full right against the property due initial ownership transfer to Agent through GPA.

3. whether Advice whether to buy this property.

Reply Follow

3 Replies

ravi shankar sharma (advocate) 29 June 2010

yes,

you may go ahead with this transaction if there is no dispute about what you mentioned above.

Ramesh (Manager audit) 29 June 2010

Thanks for the reply, to confirm the above transtaction i have applied for EC.

i am seeking some more opinion from others on this issue.

SACHIN AGARWAL (ADVOCATE) 23 October 2010

You can check the POA in favour of teh Agent. Whether he was given the right and authority to execute the sale deed and produce it for registration, if yes, you can go ahead otherwise not.

Ofcourse, you would get the index inspection done for the past 30 years.