Selling Price Issue
Rave Gerawal
(Querist) 20 February 2011
This query is : Open
Hi,
Im about to purchase a plot. It was sold by original allotee for an amount 2X in April 2010. In July 2010 it was again sold for 2X. In Dec. 2010, the new owner sold the plot for only X to Party A (thereby incurring loss of amt equal to X).
Now I'm about to purchase the same for an amount equal to X from Party A. Note that X is higher than prevailing circle rate in the area.
Is this perfectly legal? My only concern is that at one time a party purchased the plot for 2X & sold it few months later only for X.
Note that stated amounts (X, 2X) are value mentioned in sale deed.
Please suggest.
