Gpa

shyam lal sharma (Querist) 13 May 2016 This query is : Resolved
Respected Learned Advocates

I have entered into an agreement to sale for purchase of agriculture land in Karnataka but to get register the sale deed sub-registrar asking 11-E Sketch... which I applied from my sellers and the revenue department is telling that it takes minimum 3-4 months time and b y that time my agreement period will be lapsed... I am thinking to take GPA from my seller by mentioning said problem by paying stamp duty & Reg Fee as of sale deed ...
Is this GPA holds title...
After getting Sketch I will get register the sale deed on that time again I need to pay stamp duty & Reg Fee?,,,
Thanks in Advance

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SURESH BV, Advocate (Expert) 13 May 2016
Dear Sharmaji,

It is better to get the agreement period extended rather than getting the GPA.

GPA does not give any title on the property.

Rajendra K Goyal (Expert) 13 May 2016
GPA is not title and can be cancelled by the principal.

Get the time of agreement extended.

Kumar Doab (Expert) 23 October 2016
It seems that author has been buying/into property deals of property(ies) that have one or more issues.

Such property(ies) are usually available at low/reduced/nominal/throwaway prices.

Still, since funds are involved, you may retain a very able counsel specializing in such matters to defend your interest and consult well in advance.

Kumar Doab (Expert) 23 October 2016
It seems that author is himself a practicing lawyer.

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