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Anand ( )     22 October 2013

Wrong flat number in flat agreement

Hello,

 

Today morning I did flat agreement for a new flat in Pune. By mistake, I overlooked the flat number which was wrong. When I went to collect agreement documents at builder's office I noticed that the flat number is wrong. I brought it to their notice. I was told that it would be corrected within a day.
I received a call from builder's office 3-4 hours later. They told me that I have two options -
1. Keep the flat that is now registered (which I do not want)
2. Cancel the agreement. Govt will charge 20% of stamp duty, VAT and service tax. We do the agreement for the correct flat. But here builders says he cannot sell the wrongly booked flat for another six months!

What are my options, considering it's only 8-9 hours since the agreement was done? Is there a way to just correct the flat number in original agreement?     



Learning

 1 Replies

Jairaj (Partner)     23 October 2013

in my opinion if the sale agreement is unregistered then cancelling the same and executing a fresh one would be the correct choice.


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