Gpa sale
vinod
(Querist) 09 December 2013
This query is : Resolved
As per supreme court ruling on GPA, GPA will not provide any right on the immovable property. but genuine transaction will not affected.
1.)what is this genuine transactions?
2)I am planning to purchase a property whose title deed flow is as follows, Owner-->GPA--->GPA--->sale deed--->gift deed---sale deed--->cancelled sale deed--->sale deed. Whether it is advisable to purchase it?
Ilangovan.
(Expert) 09 December 2013
In the details provided by you
quote "2)I am planning to purchase a property whose title deed flow is as follows, Owner-->GPA--->GPA--->sale deed--->gift deed---sale deed--->cancelled sale deed--->sale deed" unquote
you should verify
a)whether the first GPA has authority to sub-delegate and authority to appoint and execute second GPA
b)ensure that the vendor and purchaser are parties to the cancelled sale deed.
c) check other documents related tot he property and the EC
BAALASUBRAMANNYAMM
(Expert) 09 December 2013
It means, transfer of "rights" can only be delivered or transferred to the purchaser, only after the execution of a registered "Sale Deed", but not transferred or delivered the said rights on execution of a "GPA". But a registered "GPA" holder can be executed a registered Sale Deed on behalf of the real owners to a proposed purchaser, which is valid.
Rajendra K Goyal
(Expert) 09 December 2013
A gpa holder can not further delegate his authority (GPA). Contact a local lawyer and show him all the documents.
SHIRISH PAWAR, 7738990900
(Expert) 09 December 2013
