My Dear experts,
Please advice me at the earliest. I appreciate your suggestion.
I have undergone an agreement to sell my land around 30 cents 1.5 month's back. I am not interested in the deal now due to personal problems.The registration is not done.The land is currently under my possession. So I have to break the initial stamp paper agreement( -expires august 31,2010) I made with the buyer even if the buyer doesn't agree with this.I will pay the money that I received. In the agreement , It says- "...Both parties have agreed and the buyer has the right to do the registration..." So my query is that, How can I cancel this agreement without any trouble in future? What actions should I take right now?
The reason is that when i did the plotting, i came to know there is 15cents more in addition to the 30cents. So when I asked the party, they are not interested in paying more for the extra 15cents. If they take 30cents, the 15 cents(this extra without any records) will be closed, no road for that. So the party is just trying to get it for free.So I am not interested to sell this land and want to break it.
Actually the land is obtained through "Declarartion Act (LRY)" by my father. We are 3 children to my father. We and mother have not signed the agreement doc. Father has given us power of attorney 10 years back. So my question is, Can we children backout legally and cancel the agreement with / without father's agreement to this?