Hello all,
my father had signed an unregistered sale agreement(Rs.30 stamp paprer) in july'96 by receiving Rs.15000(full amountrs.18000 on agreement). There is no term period mentioned in the agreement. my father have written on the paper that I had received Rs.15000 and signed. Even after repeated calls, the person didnot execute the sale deed and make own dwelling houses(kaccha houses) on 2006.Now,he gives us a notice through advocate to complete the sale deed within 15 days by giving us remainig amount mentioned in agreement.[Govt value of that land=5 lakhs,market value=12 lakhs]
I request you all please answer me the following questions: 1.What is the validity of the document?, 2.If I want to retain the property, what should I do?, 3.Some say that the document is valid for 3 years is it true?4.is our ownership retain in that land? 5.can we sell it to other party? plz provide some suggestion what to do...
Thank U,
