I have a leasehold property (i.e not a freehold title) which was bought over by my mother from my Aunt in 2009. And we had executed the document Title ' Agreement to Sell'
With new ruling by the High Court, in conjunction to what Supreme Court had written about 'BAN ON SALE OF IMMOVABLE PROPERTY VIA SA/GPA/SPA, media had floated information that ban has been lifted and we can now register Sale Agreements or GPA's/SPA's
I went to the Sub Reg office today and was denied to proceed, as this was a leasehold property and Sale Agreement cannot be registered. We had paid the stamp duty in 2009 (as per circle rate) and now would like to sell the same by paying relevant duties.
Solicitors/Document Specialist in the local area had denied to support in the matter, hence brokers are de-valuating the property.
Anuj
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