Regarding sale deed...

Querist : Anonymous (Querist) 19 December 2011 This query is : Resolved
i have saled propert to oneperson but we did not enter time period just we had saledeed agreement on property...next it is unregistered saledeed....i need suggestion how many years a unregistered saledeed is valid(if time period is not mentioned in saledeed agreement)....

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Raj Kumar Makkad (Expert) 19 December 2011
Unregistered sale-deed is not a legal document even for a single day. Np transfer of immovable property can take place on the basis of unregistered sale deed as it has not value in the eyes of law.

Luckily you had sold your property. Had the situation opposite side, you would have lost your property. It is better to get the registered sale-deed executed in favour of buyer without much delay.

Querist : Anonymous (Querist) 19 December 2011
but msir i heard tat even unregistered saledeed is valid for 3 years....is it true

ajay sethi (Expert) 19 December 2011
sale deed has to be registered within period of 4 months . you can register it within further period of 4 months on payment of penalty .

Devajyoti Barman (Expert) 19 December 2011
Where is the property situated?
In WB there is no such restriction and you can get the sake deed registered any time after making payment of full consideration amount.

V R SHROFF (Expert) 19 December 2011
You can register Sale deed even after years. You have to pay penalty @2.5% p.m.

Unregistered sale deed had no legal binding. It is only a right in person, not a right in rem.

aruntrivedi (Expert) 20 December 2011
Sale Deed together properly stamped and registered before Registrar of assurance is only valid and whatever you hear is not law take always advise of local lawyer. Only your registered document can make you owner of prop0erty and apply for mutation of change of ownership with concerned revenue authority.

Guest (Expert) 20 December 2011
It seems you are confusing between an agreement to sell and the sale deed, as question of entering time period in a sale deed does not arise. Time period is entered in the agreement to perform sales transaction and register a sale deed for that within that agreed period.

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