I am purchasing one property in Jharkhand with below terms from seller
1) The property is inherited property and full vanshavali is available with all NOCs
2) I am going to create an agreement with seller for a land around 30 decimals which is costing approx 50 lakh.
3) I am paying in bank account of seller Rs 10 lakh now and rest of the amount I will pay within 6 months
4) After I pay the complete amount within 6 months then the sale deed will be executed between both parties
5) Seller is agreeing that if some one comes in between after executing the agreement and before executing the sale deed with higher rates then he will not change mind and stick to the agreement
I want to know which type of agreement should I do to full proof this and should I notarised this? Also how much amount stamp paper should I purchase.
