(Querist) 06 September 2017
This query is : Open
This is Ashraf, my brother bought a flat in 1991 in chennai, and he is a NRI, and unaware of 'SALE DEED', the builder has registered only a "SALE AGREEMENT" and now when he tried to sell the flat only he realized that 'SALE DEED' is missing from him, also the builder is not traceable now.
So, he approached lawyers in chennai for legal advice, and he was told that he could get a "SELF DECLARATION DEED" as a only option, since he has all documents regarding the possession of the flat like property tax, EB and water tax.
If he gets the "DECLARATION DEED", is that possible to sell the property ? what is the procedure ?
(Expert) 07 September 2017
IN case an NRI purchased property under a registered Agreement of sale from a builder registered sale deed is not mandatory.. Kindly refer the following link for further information on this issue. http://www.livemint.com/Money/PczQpznAU0j44XdtkDC2xK/Sale-deed-not-mandatory-if-property-bought-from-builder.html