Agreements

VINOD KUMAR MALSARIA (Querist) 07 June 2013 This query is : Resolved
please give the openion for validity of property sale agreements in plain papers

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Guest (Expert) 07 June 2013
There is a difference between a legal and moral value of an agreement. If any dispute arises, legally an agreement on a plain paper has no value. A court can derecognise such an agreement in the absence of payment of due stanp duty on the value of the agreement.

But, if the parties stand by the moral values and mutual trust to abide by the terms of agreement entered in to between them, that can stand the test of time provided nobody else, who may have any interest in the matter, raises any dispute on the agreement.

Anirudh (Expert) 07 June 2013
Dear Mr. Vinod,
Can you please come out with exact fact situation instead of asking this abstract question.

Adv Archana Deshmukh (Expert) 07 June 2013
An agreement is required to be duly stamped to be valid under law.

ajay sethi (Expert) 07 June 2013
academic query

R.K Nanda (Expert) 07 June 2013
they have no legal validity.

Dr. Jyothi Vishwanath (Expert) 13 June 2013
Sale deed under transfer of property act requires registration. Registration requires that proper stamp duty is paid.
If your deed is executed on plain papers and you have stamped it and registered it, then it has value.
But if it only plain paper without any valid stamp duty paid and no registration, it has not value at all.

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