Sir,
My mother had bought a plot in jayanagar housing co op society in 1983 and took possession of the plot in 1985 on the basis of lease cum sale agreement and further in 1987 a conditional sale deed was made with a lock in period of 10 yrs...further rights to construct a house and mortgaging rights were given...however my mother due to her Ill health cud not procure an absolute sale agreement. Further she passed away in 1998 leaving behind a registered will and making me her legal heir...last week I got a call from the jayanagar housing co op society asking me to get a Xerox of all documents regarding the said property. Further he asked me to apply for an absolute sale deed and get the same registered by paying fees plus stamp duty of 6.6% of the total value of property, I hv the following questions to ask you
1. Is an absolute sale deed required?
2. How much fees am I expected to pay?
3. What is the consequence of not making an absolute sale deed
Thank u in advance
Yours faithfully
Kosalram HN