VIKAS KAPOOR 12 May 2018

sale deed

In a sale deed transaction of rs 15 lacs is mentioned however no transaction is done as mother in law sold plot to her daughter in law. My question is that whether this sale deed is valid and can loan be taken on that property?

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8 Replies

Adv Deepak Joshi +917017821512 (Advocate) 12 May 2018

For sale to be valid there has to be some consideration if nothing is paid as consideration then that sale deed will not valid deed.

The transfer of property can be gone by gift.

Feel free to cal for any help at 9456777600.

VIKAS KAPOOR 12 May 2018

in this partucular case in sale deed it is mentioned that "seller ne purchaser se 15 lac receive kar liye hai." but it is not mentioned that it is through cheque or cash. however no such payment is given as mentioned in sale deed.

VIKAS KAPOOR 12 May 2018

whether transfer of ownership through this sale deed is valid.

R.Ramachandran (Advocate) 13 May 2018

Whether the Sale Deed was Registered in the Sub-Registrar's office by paying applicable Stamp Duty?

VIKAS KAPOOR 13 May 2018

yes it is registered and stamp duty has been paid

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 13 May 2018

Sale deed is a legal document and an evidence that the sale of a property has been made in favour of the buyer from the seller.It must be registered with regristrar office. Loan can be given by any bank on the basis of the documents.

G.L.N. Prasad (Retired employee.) 13 May 2018

You are not the person to decide on the validity of that document. Please do not state any thing, provide all those documents the bank require and let the legal adviser decide what all the documents are required to mortgage the same to Bank. Bank has to take their Legal advisor's opinion. Go for a loan and learn all for yourself and do not state any thing what is not on record either orally or in writing.