Good morning Sirs
1. Is AGPA a legally valid instrument for transfer of property?
2. Why do parties resort to AGPA even after paying the full
consideration, when there is a safer and better legal mode of
transfer of property like Sale Deed?
3. What will happen if the AGPA holder dies, having paid the full
consideration in respect of the property? In such a case, does the
property devolve on the legal heirs of AGPA holder on the strength
of the AGPA?
4. Is AGPA the ultimate document for transfer of property or should
the sale be formalised by way of a Sale Deed? If the Vendor dies
after receiving the consideration and executing the AGPA, who can
execute the Sale Deed to formalise the sale?
5. Is AGPA illegal in the light of the judgement in Suraj Lamp
Industries case?
Regards
Sri Krishna
