Hi All,
We have land in Karnataka which do not possess way or Road and, as such, after long negotiation with our niebouring land owner, he has agreed to give us around only 400 Square foot area(which is sufficient enough for Road) out of his 2gunta land(he is not ready to sell the who "two gunta" of land all though we are ready to buy it). As per our understanding the minimum land require to go far sale deed is 5gunta and above in Karnataka and since this land area is less than one Gunta,
We are advised to go far Registered sale agreement:
1. Please advise is "Registered sale agreement" valid forever and protect us from in the future or is it valid ONLY for 3 years like the normal agreement?.
2. I read in one of the article that "if full payment is made and no time limit is mentioned in the agreement then the validity of the sale agreement does not expire. if this true, should I go far Registered sale agreement with full payment or normal sale agreement with full payment?
3. Any other option other than the above that you would suggest to document this small area of land legally.
Regards,
Muni