29 January 2012
Now the agreement to sale has recital: Forthwith on receipt of payment of aforesaid consideration -------the purchaser shall ispo facto become entitled to legally occupy and posess the said flat with all rights, titla , interest, ownership.
30 January 2012
Hi Mr.Kaushak, Sometime experts are unable to give to-the-point advice due to incomplete or unclear facts.So it is better to be categorical please. In fact the law requires Sale deed to be compulsorily registered whereas Deed of Agreement to sell is registrable at Option.But in some cases ppl draft Agreement of Sale in such a manner that it incorporates all the conditions of SALE DEED e.g Sale consideration is paid-received;possession handed-over and taken-over.This kind of deed is nonetheless a SALE deed though it is NAMED as Agreement to Sell.Such deed must have the SAME STAMP duty on the price paid as we do in case of a SALE DEED.In that case I agree with the above opinion expressed by Mr.Devajyoti Expert.But where the deed of AGREEMENT OF SALE has the stipulation of proposal-acceptance & payment of sale consideration in future or even possession of the property being demised to be delivered in future,this deed is not required to pay Stamp-Duty & Registration Fee like we do on Sale Deed but only as we do in cases of Miscellaneous documents. I,however,request Mr.Devajyoti to be more clear & let us know under what law (Sections of Stamps Act/Registration Act or Judgments) he has based his opinion.That will remove any ambiguity or uncertainty. Thanks & Regards !