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G M Arora   16 May 2016

Documents for purchase on resale of flat

I am going to purchase a flat at Navi Mumbai from an individual on resale. The Seller had purchased flat from the builder.

I have already made part payment to the Seller.

Now the seller has informed that he will not hand over the original / copy of receipts of payment irrespective of whether it is legal requirement or required by bank for availing home loan by the purchaser. His view is that since he has made the payment for which he want to retain the receipts & need not hand over as part of documentation required for sale of the flat by him

I would like to know the reason for asking the seller to hand over the original payment receipts  obtained by him from the builder / original seller.



Learning

 1 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     15 June 2016

1.  A "new" Flat-Purchaser can insist only for earlier Sale-Agreement (which should be duly stamp duty paid and duly registered).  The Bank, for loan, is concerned only with this Sale-Agreement and nothing else.

 

2.  The payment receipts are part of Income Tax requirements, which the Old-Owner is duly bound to preserve in his own custody.


Keep Smiling .... Hemant Agarwal

VISIT:  https://www.maharashtra-society-help-forum.com 


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