I am from tamilnadu. I(Buyser) made Registred Sale agreement to buy a House from seller for Rs (500000)Five laksh and paid four lakhs fifty thousand(4,50000.00) as cash. Saled Agreement is registred and same has been reflected in E.C . I am behind the seller since 3 months to excute the sale. Later I came to know that he is planning to sell to other party for higher value. Now seller saying he will return my money back and he is not willing to sell so he asking to cancel the sale agreement and then only he will retun my money. Since I sold my jewles and other propery to pay Rs 4,50000.00 to him and am already in loss. I dont want my money and need House as per agreement. Please kindy advice and I am ready to pay remaining 50,000. Will I get the house registred by him if I file a suit?
File the suit for specific performance of the contract and bring a public notice in the newspaper to ensure that the subsequent buyer will not purchase the property and issue the notice to the sub-registrar as well.
Dear Raghavan & Kapil Thankyou very much for your reply and advice.
Today I spoke again with seller and now he replying that he will consider Rs 500000 as loan. Registred sale agreement can be considered as "Security". He will pay the amount before expiry of the sale agreement date with intrest. But I refused and will file a suit.