Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tushar Chaudhary   30 June 2020

validity of full and final agreement on 20 rs stamp

what is the legal enforceability of a full and final agreement of a property on 20 rs stamp paper notarised on year 2012

is this valid for transfer of property

can anyone make an registry challenging this agreement

how much it's Validity


Learning

 6 Replies

G.L.N. Prasad (Retired employee.)     01 July 2020

It depends on their state rules, and normally they are not considered as regular sale deeds and may help for claiming possession and mutation in revenue records at the maximum during olden days.   Some states enacted to collect such stamp fee and regularize such old sale deeds of more than 12 years old written on normal Rs.20 stamp paper.  The agreement is different from actual sale.  When it is not valid for the purposes of law, any one interested to make things complicate or claim a share may point out illegality and unenforceability of such sale.  Possession and enjoyment with revenue records may strengthen the argument but it is not a normal legal title deed.

Kishor Mehta (CEO)     01 July 2020

Notarized documents are not valid in the matter of sale/purchase of a property. The sale/purchase has to be adequately stamped and registered.

P. Venu (Advocate)     01 July 2020

You have not posted the complete facts.

Tushar Chaudhary   03 July 2020

the title is the property is a joint property and as per the current record the other share holders also have their share as per new record so they may have right to sell that property

P. Venu (Advocate)     03 July 2020

Please do not post riddles.

Sunayana Chhabra   04 July 2020

No, such documents are not valid for transfer of property. The document shall be registered and proper stamp duty be paid for its validity. Feel free to contact at sunayana122@gmail.com for further assistance.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register