Home loan approved for double registered plot

kumar nlk (Querist) 09 March 2023 This query is : Resolved
Hi,

I recently 267 Sq yards of land in June 2022 by getting home loan from one of centralised bank
I was given 18 months to submit structural plan to construct the house
Due to personal reasons couldn't start the construction and planned to sell the plot

During conversation with one of the real estate broker, I came to know that this land is double registered
Double registration happened at Me -> Seller (link1) -> Seller (link2) -> Seller (link3)
At Link3 double registration happened

What should I do now ? we purchased after third party verification done by bank in order to sanction the loan

I need advice on how to proceed in this matter

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Quick Summary

A homeowner secured a home loan for a plot of land but has discovered it's double-registered. This means the seller fraudulently sold the same plot to multiple buyers. The advice given is to file a complaint with the District Registrar, lodge an FIR against the seller and connected parties, or pursue legal action in court to cancel the fraudulent sale deed.

kavksatyanarayana (Expert) 09 March 2023
You shall file a complaint before the District Registrar concerned with the copy of your document and linked documents related to the transaction. The District Registrar will inquire into the matter and take necessary action to prosecute the fraud. It is time taking the matter. Or file a case against the fraud in court.

Dr J C Vashista (Expert) 12 March 2023
Lodge FIR against vendor and other parties connected with fraud.

T. Kalaiselvan, Advocate (Expert) 12 March 2023
If the seller has fraudulently sold the property to another person simultaneously then you may lodge a criminal complaint against the seller for this.
alternately you can give a complaint to the district registrar to cancel the fraudulently executed sale deed.

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