srikanth (free) 23 March 2010
I have a purchased a vacant plot , and I paid 10% of the value via cheque and the balance through instalments with State Bank of
Now, due to financial position, I am not able to pay further EMI’s. And I want to cancel the registration and get back the paid amount , which I have paid to society and in Bank. Is it possible, or give me any other alternative.
mohammed mazharuddin (Associate Lawyer) 23 March 2010
Mr. Srikant,
IT is clear that the time specified for payment is 10 years but you have to give me some clarifications on the conditions of your Agreement that you have a right to cancel or transfer the same to third party. i am of the opinion that unless a full payment is done a plot cn't be registered. so clarify few things to guide u in better way.
M.Mazharuddin
Advocate.
Gagan Gupta (Advocate) 23 March 2010
Did allotment letter talked about deduction of any money in case of cancelation for non-payment, or what are conditions to transfer to third party.
bhagwat patil (Property due diligence 9422773303) 24 March 2010
with the concent of society you transfer to third party. u may morgage the same and ask bank to pay hte remainig instalment .
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