Agreement to sale
Rameshwari Nandgavkar
(Querist) 21 December 2011
This query is : Resolved
I am in the prodedure to buy a resale flat in pune. We have given 20% amount as a token to the investor & done only a momentum of understanding on a plain paper. The original copy is with the owner & we have the carbon copy. We have just got our loan sactioned from a bank & we have informed the same to the seller. He has called us to do the agreement to sale. Shall we go ahead & do it asap & what will be charges for it?
ajay sethi
(Expert) 21 December 2011
get agreement drafted by lawyer . yohave to pay stamp duty depeding upon value of flat , registration charges, legal fees etc
Deepak Nair
(Expert) 21 December 2011
There is no harm in getting the agreement executed.
For registration fo the agreement, as advised by Mr,. Sethi, you have to pay requisite stamp duty which is determined on the basis of the value of the flat and the area in which you reside, along with the registration charges other incidental expenses such as legal fees and/or agent fees etc.
If the agreement is being drafted by the other party, then please peruse the agreement thoroughly and ensure that there are no loopholes against you. It is better to get a lawyer's opinion on the agreement in that case.
G. ARAVINTHAN
(Expert) 21 December 2011
verify with an advocate and make arrangements for purchasing stamp
Raj Kumar Makkad
(Expert) 21 December 2011
It shall be good on your part to first seek search report over the title of the property, be convinced in all respects about the building plan, any dispute pending over the building or seller or any other matter connected thereto and thereafter execute the agreement to sale and also get it registered with registrar before obtaining sanction from society in writing and then pay him the agreed amount in advance.
bhagwat patil
(Expert) 22 December 2011
For registration of agreement to sale you have to pay entire stamp duty and registration charges which will be deducted at the time of purchase deed.
Sailesh Kumar Shah
(Expert) 22 December 2011
engage local advocate, and ask him to inspect property papers,prepare report and after satisfying, you have to register ats.
prabhakar singh
(Expert) 22 December 2011
Yes! you are under a legal duty of due diligence to get yourself satisfied about the title of the person from you are proposing to purchase and to link its origin up to date.Hence engaging a lawyer practicing in area is your first need then only go for registration if he advises.
