Sale deed info --urgent

It is not necessary to mention the details of the payment in the sale deed.  But it be added also.

My openion is that, u r to mention terms of transection. Even u r to mention ur mode of payment what u doing. Even u r to mention how u will make rest of payment. But u need to check ur sceme by which u purchase a property.

In Sale Deed, you have to mention descripttion of Property and consideration value. 

In case you paid any amount before Sale Deed, u mention it. 

U do not have to mention the amt of Loan u are obtaining, or who pay for it. Bank is a Third Party, that come in picture only after you execute and register the Sale Deed, under the circumstances, let the Sale Deed remain silent of any bank loan. Foe Example, in case u receive fund from rlatives or frienda and change ur idea of Bank Loan, and u do not need the same. 

 

So, it is necessary to mention the initial amount and cheque details paid  by u to be mentioned  in the sale deed

it is NOT necessary to mention the cheque details and the amount paid by bank to be mentioned in the sale deed, UNLESS IT IS DIRECTLY PAID BY BANK TO BUILDER PRIOR TO REGISTRATION OF SALE DEED.

Sir 

Regarding UDS registration i'm not getting it right on one issue. In the schedule of the property for eg., plot no 94, 7th cross st., gandhi nagar, adambakkam,, chennai-88. with neatly mentioned survey no. XXXX. measuring an exten 2400 sq.ft  And

Schedule -B :- 710 sq.ft UDS of 2400 in land.---- The above only registration of SALE DEED done. 

HERE, flat is under construction. EVEN though Deposit of title deeds after regsitration of sale deed done.

My question is WHY, the flat boundaries is could be inculded. in schedule C. to give more clarity.

shathish

Dear achyuth

follow the above said opinion

Hi,

My agreement amount is 29L and now builder asking a sale deed for 11L. Even I got a loan from LIC for 24L also.

pls. let me know the risk if I will go with this.

 

Thanks in Advance.