Hello, I'm selling my flat and received Token amount from Buyer
now Buyer want to make Sale agreement of Sale deed Amount
actual selling price of Flat - Rs 33.5 Lakh
Sale Deed - 26 Lakh
7.5 Lakh in cash
so buyer want to make Agreement of 26 Lakh and says he will pay 7.5 lakh Cash during Property Registration
it is safe? what if buyer refused to pay 7.5 lakh cash by stating Sale agreement of 26 lakh only ?
Please Advise how to proceed
Thankyou.
Get 2 different agreements to sell executed, one for Rs.26 lakh for documentation and another for Rs. 33.5 lakh, i.e.,actual sale price.
When you receive complete consideration amount destroy the agreement of actual sale i.e., Rs. 33.5 lakh in presence of buyer.
It is as prevailing practice in real estate.
