Hi,
i am selling my land in mambakkam for 40 lakhs.the seller told me he will give 25 lakhs at the time of registration and post the registration remaining 15 lakhs cheque( cheque can be cashed out within 45 days of registration).he also added he would sign a stamp paper stating will give 15 lakhs after registration.
please advice on this issue
1) i have doubt in buyer.As far as i know registration happens only after full settlement.right?
2) what will i do if cheque bounces? i dont have anybody support.
3) He is asking me to submit original documents and all land related things at the time of registration.
4) he states in the stamp paper as if he borrowed money worth 15 lakhs not mentioning sales.so i feel like he is registering my land for 25 lakhs? wat should i do?
note- i want to sell the land immediately.i am in need of cash.
please lawyers suggest me ideas wat to do and wat not to do?
Thanks,