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Gopalheda   28 November 2020

Validated agpa in telegana

I hAve entered into a AGPA agreement and paid 100% considerations in 2016 1.Can convert to sale deed without involving seller 2.validated AGPA 3.validation if seller dies


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 4 Replies

G.L.N. Prasad (Retired employee.)     28 November 2020

Contact the local advocate for looking into GPA terms and conditions, whether you have such authority as per clauses in that deed.  If there is no such clause in  favour of the GPA holder, the transaction may not be bonafide and legally valid.

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     28 November 2020

1. As per a SC judgment, Buying /Selling of "immovable property" via a GPA is null & void.  The parties can also be prosecuted for swindling off Stamp Duty and Registration Fees applicable on the related Sale transaction.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

P. Venu (Advocate)     28 November 2020

Yes, the transaction is not lawful. In an genuine GPA transaction, there could be no consideration involved.

Dr J C Vashista (Advocate)     30 November 2020

The vendor (seller) is yet to complete "sale transaction" till execution and registration of "Sale Deed".

 

Alleged sale through GPA is invalid

.
Consult and engage a local prudent lawyer for better appreciation of facts/ documents, professional advise and necessary proceeding.


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