Can i change name in banakhat

Querist : Anonymous (Querist) 07 June 2020 This query is : Resolved
My property is still under construction and the banakhat is already issued with two joint person name. Is it possible to add one more person name in Banakhat or would i wait for final sale deed agreement and add one more person name as being total three persons owner in property with same stamp duty charge.

Follow Query

Report Abuse

Quick Summary

It is possible to add a third person's name to a Banakhat, even if it has already been issued, provided all parties (buyer(s) and seller) agree. This can be done before the final sale deed is executed. The stamp duty for the sale deed registration will not change regardless of the number of owners.

Raj Kumar Makkad (Expert) 08 June 2020
Consult with the seller, If he is ready to add the third name with your consent, it can very well be done.

Message likes : 1 times

Rajendra K Goyal (Expert) 08 June 2020
Banakhat is initial agreement of immovable property signed between buyer and seller that includes name, identification details of the parties, description of the property, description of the transferred right, cost and payment terms with other essential terms and conditions.

Final Sale deed has not been executed, it can be done so with the consent of all parties i.e. Buyers and the seller / builder..

Message likes : 1 times

Dr J C Vashista (Expert) 09 June 2020
Yes, it can be changed if all stakeholders agree.
Stamp duty for registration of sale deed do not change with addition of purchaser.

Message likes : 1 times

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries