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umesh HALKAR (ASSISTANT)     16 October 2023

Agreement and saledeed

Sir,

I have purchased  a site and constructed  house   at Layout .

During  construction  by deliberate  mistake builder not kept  sufficient  space  for car park and also he has agreed to compensate to park at nearby site. 

2 Now he has sold out the nearby site and constructed the house. Nearby site owner has agreed to mutual  three party agreement  to provide  space  for ever or permanent  at cost of sum Rs170000/  and Builder  has agreed to pay that amount. 

3 Whether  this agreement  will stand forever without stamp duty  registration  since it is piece  and part of his site.

4 Whether  Sale deed is required  or  agreement  is sufficient  for car park as whomsoever. 



Learning

 4 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     16 October 2023

This type of Agreement shall be stamped and registered.  The stamp duty varies to each state.  consult at local SRO or a lawyer.

Dr. J C Vashista (Advocate )     17 October 2023

Get a sale deed for additional space executed in your favour.

Real Soul.... (LEGAL)     17 October 2023

Only sale deed can ensure you the replacement parking otherwise no agreement will keep that space for you as owned parking. Le that seller sell the parking to you

T. Kalaiselvan, Advocate (Advocate)     21 October 2023

You can get a registered sale deed executed to effect this sale in order to recognise legal validity.


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