Venkataramann Prabhakar
08 July 2020 at 21:07
Dear sir,
I have few problems with my very first property buying It’s a resale Apartment in Chennai
1. Sale agreement was written on Rs.20 stamp paper Is It valid And the duration was mentioned as one month earlier but due to Covid we have extended it for four months. I have paid the advance of 10 % of my loan amount 3,00,000 on 3/3/2020.
2. But still registration not happened when I was cross verified with bank HDFC I came to know there are some legal documents to be provided by the seller Ex like current outstanding balance, list of documents available in KVB, last 2 yrs EC, clarity in sale deal, ext..
3. During my investigation I came to know that the seller has kept his documents on his brother‘s name (Builder) for developing Builder’s business taken an OD or mortgage loan in KVB. “Builder was going for a settlement with KVB where his outstanding was 19 lakhs for which he gave a bribe for the banker 1.5 lakhs from my initial payment and got a settlement for 15 lakh, but still he failed to provide the original documents to hdfc since he couldn’t pay the amount “This Statement was revealed by the builder to us.
4. As per in the mother document the plan approval was stilt +2 but whereas the builder has constructed his office and a warehouse in the ground floor in a common UDS and renting it. he also modified the apartment which I was planning to buy and that was not updated in floor planning
5. Due to Covid there is a possibility of losing my job so I requested Builder to refund the advance amount as the sale agreement due date was completed and I may not pay my EMIs due to drop in my financial status. moreover We came to know there are multiple issues like water problems, drainage issues Car parking Issues and he has pets like birds and dog which has many medical issues which has already bits other house holders twice, added to this builder has a nature of dominating others in the apartment.
By seeing all these things we planned to quit the plan of buying this property, But now the builder is not agreeing to repay my advance amount and moreover he is very stubborn with us .
So please help me since I don’t have any background support from my aged parents and other relatives..
Anonymous
08 July 2020 at 11:48
To
Professional colleagues
Can anyone guide me what is the Value of Stamp Paper required for drafting an manpower supply agreement.
A) It is in West Bengal. And West Bengal Stamp Act Sch 1A Clause 5(e) states Rs.10/-..
B) But one of my colleague advice that the stamp duty will depend on the value of the agreement and according to his logic the value will be the amount spend by the manpower supply company for supplying its manpower to our company.
Which one is right A) or B).
Abhijit
Member (Account Deleted)
30 June 2020 at 20:54
Respected Sir,
I work in Government sector, and I purchased a plot, and the Sale Deed was executed by the authorised representative AGPA of the Real Estate Company, as such I did not go for registration. Apparently, due to inadvertent oversight of the Document Writer, though material details like VENDOR and VENDEE Names, age, address, property schedule, boundaries, survey number, location etc are mentioned correctly in the Sale Deed, however, in the Occupation portion of VENDEE, they have stated as"BUSINESS".
My query is - Will this error pose a problem in future though the title details are correct and beyond any doubt.
Anonymous
30 June 2020 at 18:13
I want to prepare a rent agreement but due to COVID-19 courts are closed so can I prepare rent agreement on my own on an A4 size paper and signed by both the parties is it valid for any future disputes?
ankit parmar
23 June 2020 at 08:40
I would like to know about important things to add when making sell agreement for industrial plot.
Saurabh Nene
13 June 2020 at 10:15
I hold a joint property with my Brother in Pune, Maharashtra. This is a self acquired property. We both had contributed some amount, out of our own sources and also borrowed housing loan. We are contributing 50% each for housing loan EMIs.
Now, I want to transfer my rights in the said property in favour of my brother. He will pay me, the amount contributed by me initially and he will also take over the balance amount of housing loan i.e. (he will alone pay the EMIs henceforth). My Queries:
1. Which document shall I execute for transfer of rights, Gift Deed or Release Deed? Which option will save Stamp Duty?
2. While determining the 'Market Value' of the Property for Stamp Duty purpose, whether the balance amount of Loan will be deducted from the actual property value? Can it be treated as 'encumbrance'? Will it help in saving stamp duty? If not is there any other way out?
Please advice me on above. Thank you all experts in advance
Rishabh Saxena
06 June 2020 at 19:51
my ews certificate is in hindi language but in IIT admissions, they want the certificate language must be in english while my certificate format is same as in english given in their site so what should I do? I belongs to Banda district in uttar pradesh.
Anonymous
28 May 2020 at 09:28
Dear Experts ,
I have given a loan to one of my friend , Loan Agreement (Notary) is also made with terms and conditions.
He has given Post Dated Cheques , 3 payments are cleared by him , but now he is giving excuses for other pending payments.
All cheque details with cheque numbers are written in Loan Agreement .
I am going to submit 5 pending cheques and I am 100% sure they will be bounced.
My Question to experts , for first instance can I my self send notice under Section 138 in The Negotiable Instruments Act, for payment of dues ?
If yes can you please help me by providing a very strong wording for the notice.
Best Regards
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Settlement deed
My father age is 70 and he wrote a settlement deed to me before 15 years and now he wants to revoke it.(in doc he wrote tadanantaram)
1.So he has the right to cancel,if possible how
2.I got any legal right to keep that property