Legal
yagnesh dave
(Querist) 26 April 2016
This query is : Resolved
I HAVE ENTERED INTO AGREEMENT OF SALE OF MY OFFICE ON 30/06/2011 FOR RS 14LAC ON STAMP PAPER OF RS 100/- WHICH IS NOT REGISTERED WITH REGISTRAR IN SPITE OF REPEATED REQUEST BY US TO THE PURCHASER.
NOW THE PURCHASER IS REGISTERING THE SAID AGREEMENT DULY IMPOUNDED U/S35 UNDER STAMP ACT BY COLLECTOR FOR MARKET VALUE OF 19LAC AND AS PER THE AMENDED ACT UNDER INCOME TAX ACT 50C SALE CONSIDERATION AS PER MARKET VALUE IS CONSIDERED FOR LT GAIN.
SO I HAVE TO PAY LT GAIN MORE ON EXCESS VALUE ADOPTED I AM DEMANDING THE EXCESS VALUE LT GAIN PAYABLE BY ME TO REIMBURSE FROM PURCHASER BUT HE IS DENING.
THE PURCHASER IS DENING TO REIMBURSEMENT OF EXCESS VALUE LT GAIN PAYABLE NY ME AND THREATING TO SEND LEGAL NOTICES TO APPEAR BEFORE SIGNATURE WITH RGISTRAR OFFICE PL CLARIFY WHAT TO DO
Devajyoti Barman
(Expert) 26 April 2016
Do you have proof of regular follow up to register the agreement in writing ?
If yes then you can seek legal remedy but beofre that get the registration done.
Once that is done you can file civil suit for damages.
If the seller is a builder then you can file case in consumer forum where you would get speedy remedy.
