Sale agreement

venkat (Querist) 06 June 2014 This query is : Resolved
Hello Sir,
I understand people make 2 agreements to sell one for guidance value and other for full value and then destroy the second at the time of registration. any caution and approach to be taken on this.

Venkat

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Devajyoti Barman (Expert) 06 June 2014
I am not aware of 2 agreements.
All execute one agreement for sale only.

Srinivas.B.S.S.T (Expert) 06 June 2014
Agreement to sell will be executed for the actual value but the sale deed will be valued at the govt value so as to escape from the stamp duty burden

Devajyoti Barman (Expert) 06 June 2014
stamp duty can not be avoided even if you mention lesser value.
The stamp duty is calculated by the govt. at the time of registration which has no connection with the actual sale price.

Sankaranarayanan (Expert) 06 June 2014
it is knew to hear that two types of agreement, while register the property you must pay the appropriate stamp duty to government as per the guideline value

Dr J C Vashista (Expert) 07 June 2014
Practically you are right. Get the actual one destroyed in your presence.

Rajendra K Goyal (Expert) 07 June 2014
This is illegal approach if exists, saving illegally govt. dues can not be supported.

T. Kalaiselvan, Advocate (Expert) 11 June 2014
There are no two types of agreement, further any unregistered sale agreement is invalid before the eye of law, so it will not make any difference even if you enter into ten different types of sale agreement for the same property as they will not be enforceable in law.

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