Agreement for sale

Querist : Anonymous (Querist) 16 November 2010 This query is : Resolved
We have purchased a property in mumbai in 1980 by agreement to sale. Society has been formed. Society issued share certificate in our favour. Agreement for sale was not registerd only 5/-Rs. adhesive stamp paper stick threon.said agreement was not registerd before registrar of sub- assurances. my query is that we are going to sale the said property in order to get effective title whether it is necessary to gat register the agreement to sale with penalty?

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Devajyoti Barman (Expert) 16 November 2010
Its optional. The prospective buyer can purchase the property from your vendor in which deed you have to there as Confirming Party.

Sri Vijayan.A (Expert) 22 November 2010
Not necessary

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