Cancelling agreement of sale for plot

Normally, sale agreement, if the buyer cancel agreement, 10% of the sale agreement amount will be debited by the seller. so, you can go through the sale agreement to get legal details. or if you mail the sale agreement to me, i can give the solution . my mail id : covaimthangavel@gmail.com

The sale agreement is unregistered hence t losses its validity once a case is filed before court.  The said sale agreement if contains the acknowledgment of the receipt of advance amount, it can be taken as receipt for the amount received.  If you do not want to continue with the proposed sale, you may cancel the agreement and ask for refund of advance paid amount, failing to invoke any response you may approach the civil court for  recovery, take the help of a local lawyer for further issues.

It all will depend on terms and conditions in the Agreement for sale.

In the absence of any reference on such a scenario  you cannot do any thing. I think even going to court also may not help you because you have agreed for the price mentioned in the agreement and the price being more or less for a property is no criterion for cancellation of an agreement unless you can prove some kind of misrepresentation or fraud. Supposing the price had been more would you have allowed the seller to rescind the agreement?

So settle with him or you may have to forego the amount paid.

An unregistered sale agreement cannot be enforced through court as per the latest supreme court judgment.

Respected Mr.Kalaiselvan Sir,

Can you give the link of that Judgement Copy ?

first you have to obtain the official market value certificate from the concerned sub registrar office by paying the required fees 

with that you would have clear picture what step you have to take because if the government market value is also less the discuss with the builder saying some other reason as you cannot arrange the required money or you need the money for other reasons and settle the matter amicably and take the money back from him 

and if you go through legal system it may take time and also the stamp paper is not valid in the long run as it is not a registered document and also it cannot be used even as acknowledgement