Final payment through dd for purchase of flat

Querist : Anonymous (Querist) 06 November 2023 This query is : Resolved
Dear sir/ma'am,

I am purchasing a residential flat. I want to know that should I hand over the remaining amount of money (the full and final amount) in form of DEMAND DRAFT before the registration of flat at Sub registrar office.

My property seller is saying that he requires DD Two days before the registration date for some documentation formalities.

My actual query is related to timing of handing over of DD to the seller? Won't it be problematic if I handover DD to him before final execution of sale registry. Pls guide me

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Quick Summary

This discussion addresses the timing of final payment for a residential flat purchase using a Demand Draft (DD). The seller requests the DD two days before registration for documentation. The core query is whether handing over the DD before the sale deed is executed poses a risk. Advice suggests paying the DD before the Sub-Registrar during registration if trust is an issue, or providing a DD photocopy in advance while handing over the actual DD at registration.

kavksatyanarayana Online

(Expert) 06 November 2023
If you know him very well and believe him, you can pay, otherwise, you pay the DD before the Sub Registrar at the time of registration

T. Kalaiselvan, Advocate (Expert) 08 November 2023
If the trust issues are there, then you can give the photo copy of the DD in advance so that he will enter the details of payment in the sale deed to be registered and you can handover the DD at the time of registration

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