Advise to register sale deed or confirmation deed
Ankit surana
(Querist) 29 May 2024
This query is : Resolved
Hello,
We Given a ancestral property to builder via development agreement to develop. at that time he register 3 documents GPA, Development agreement details having owners consideration, sale deed based on GPA and Development agreement. (Every-time he paid stamp duty). developer wants to handover flats mention in development agreement & Sale deed now he only register confirmation deed instead of sale deed to land owners. is it fair practise? becuase he wants to avoid stamp duty
so now for which document we can go to register confirmation deed or sale deed ?
developer wants to avoid stamp duty as he saying we already paid while development agreement and sale deed of property before so during handover is it ok to register only confirmation deed ?
kavksatyanarayana
(Expert) 29 May 2024
A sale deed is not necessary. You (the legal heirs of ancestral property) shall execute GPA cum Development Agreement with the builder/developer with mutual terms and conditions and the stamp duty shall be paid accordingly. The stamp duty varies from one state to another state. If any doubt arises consult a local advocate in this regard.
T. Kalaiselvan, Advocate
(Expert) 29 May 2024
There's no necessity for executing a registered sale deed in your favour for your own property which has been developed and your share has been allotted to you as per agreement conditions in the joint department agreement.
A confirmation deed by builder is sufficient.
Ankit surana
(Querist) 30 May 2024
Sir but after GPA we did sale did for same property with developer before development and in sale deed consieration same as development agreement
T. Kalaiselvan, Advocate
(Expert) 30 May 2024
You appear to be confused by reading different terminologies, hence without seeing the documents any opinion given in furtherance would be a misguidance, therefore you can consult a local advocate and get the issues properly clarified
P. Venu
(Expert) 04 June 2024
Yes, there could be no definite opinion unless the documents are seen and issues discussed.
