Hello Sir
This forum has always guided me and has shown me right directions and now again I am in need of help.
5 years back I had purchased a Plot in Bhubaneswar (Odisha) from a broker who possessed a Registration Deed in his name from the Original Owner Mr.X. The broker is into the business of purchasing large pieces of land and selling it in small planned plots.
I bought it by paying an amount of Rs 2,50,000 and further got its registration done. The registration agreement was done between Me and the Broker.
Now after 5 years, while checking the Government's online, I found that - the broker is not mentioned as the owner but the name displayed was of the Original Owner Mr.X.
I contacted the broker for THE PATTA and conversion of ownership. To this the broker says that I need to pay additional Rs 2,50,000 more as per the original price at the time of sale. The plot now has a market value of Rs 10,00,000+. The broker is asking for the additional amount for an oral agreement that I could not fulfill. The oral agreement was to take care of his school for a year. I could not honor the oral agreement as I got a good job elsewhere and I moved to a new city. Also the Broker has not faced any losses arising because of me.
Now please suggest me whether, I should pay the additional amount asked? If yes, then I fear that ever after paying, what is the guarantee that the broker will give me the PATTA. Or do you suggest me to directly apply to the local Tehsil office and try for the Ownership name change?
Are there any ESCROW services available that can take care of this?
Thank you. Waiting for the response please.
