Rectification in sale deed
Querist :
Anonymous
(Querist) 11 December 2011
This query is : Resolved
Respected sirs..
1.we have purchased a property an year back, the boundaries were mentioned wrong, and the same mistake is running for the last 3 last transcations.
Is it necessary to go for a rectification deed or is there any GO stating that it is not necessary since it is running for the last 3 sale considerations?
please advice me if any GO is there.
2. Can a son/daughter-in-law.. purchase property from his father / her father-in-law.?
where the daughter-in-law is a Govt employee and the son is self employeed. We have approched a bank, they have sanctioned the loan and funally when they came for verification.. the Officer said it is not possible , since the Law wont agree, a father/father-in-law .. selling the property to his son/ his daughter-in-law ??
This is a genuine sale/purchase, since the father purchased the flat for the son/daughter-in-law.. with his retired benefits , when the flat is sold by a person at a cheaper rate, and when the son/daughter-in-law were not ready to go for loan in short span.
now the bank has to give the loan, and the money has to be given to the father by the son/daughter-in-law.
please give me an advice to come out with a profession / legal solution.
regards,
krishna sastry - hyderabad.
Devajyoti Barman
(Expert) 11 December 2011
1. Yes it is expedient that you execute a deed of rectification.
2.The bank is wrong. There is no impedient in law for sale among relatives.
Raj Kumar Makkad
(Expert) 11 December 2011
Action of the bank is entirely illegal as there is no bar to even make sell of immovable property within the closest relatives.
Rectification should be made as soon as possible as desired in the given facts.
