Change in the mode of payment

Sachin Agarwal (Querist) 21 October 2012 This query is : Resolved
I purchased a property in the delhi and make payment in DD and registry has been done. but seller has not bank account so he want to payment in cash. and seller hold my registry paper. What we should do ? What precautions we should take if make cash payment. what will be impact of cancel of DD on Registry. whether there is any undertaking in this respect. Please provide me. Thanks in advance.

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ajay sethi (Expert) 21 October 2012
Agarwal ji

beofre finalising the deal did you not discuss about how payment is to be made . how can you make entire payment by cash .

refuse to make entire payment by casj ./ rwell seller you dont mind cancelling the deal if he insists . contact a local lawyer

MohammedRaffiq Bijapur (Expert) 22 October 2012
Practically the payments are made on trust and belief. if there exist so between both of u there would be no problem to make payment by cash in presence of witnesses.

Guest (Expert) 22 October 2012
If you pay by cash, what would be the guarantee that he would return the registered deed to you and would not deny receiving of any payment from you.

If fact, I have some doubt in genuineness of your query. The question arises, how the seller was able to get the registered deed from the Registrars office, when the document was to be delivered to you on presenting the receipt coupon of the Registrar office you would have received after presentation of papers and signing by both parties before the Registrar?

If the registered deed has not yet been presented in the Registrar's office for registration, you can make the payment before the Registrar, himself, as the Registrar signs the document only after confirming the payment to have been received by the seller. In that case, you can also insist for signing the stamped receipt for the total amount in the presence of the Registrar.

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