Recently we had deal for property by paying advance 10% of total property rate. After legal verification it is revealed that seller will do registration with un-registered GPA document. He is claiming it is valid however we feel it is kind of a risk. May we seek your valuable legal advice ? Is there a law which can support us to get back our 10% amount which was paid as an advance. Thank you all for reading and future comments.
thru., unregd., GPA sale deed cannot be executed. You demand to refund the money if he didn't agree to execute the regd., sale deed with regd., GPA, otherwise you will have to file a suit for specific performance of contract.
As per the latest judgment of Supreme Court delivered in Feb, 2012, no property can be transferred on the basis of power of attorney. If the amount was paid for carrying out Title Verification & Search pursuant to which if the agreement to sell was to be executed, issue letter under your signature signifying your denial to enter into agreement and ask for refund of the money you have paid to the owner as earnest money. Specify that the money was deposited so as to enable you to carry out search of the property.
Above all is absolutely correct. But one option is there, you have not mentioned where is the owner. whether he is in abroad or in india. If he is in abroad owner can give GPA to any of his blood relatives who stays in india duly attested by respective embassy of his country where he is residing and the same GPA has to be get attested for Rs.200 before the District Registrar of Stamps and valuation. So then there is no problem for register the property through GPA. in case if he is in india follow the valuable suggestion given by experts.
i am planning to purchase one plot from big layout venture in bangalore. I came to know that, The seller (and owner of property) is in jail on some criminal charge and hence given the GPA on his own younger brother's name. From the seller's office i understand that the GPA is not registered. When i questioned about the legality of un-registered GPA, they put me to their lawyer (the same lawyer has given his legal openion about the property). Their lawyer told me that the un-registerd GPA with in blood relation is legal and acceptable. May i request you to kindly let me know, is the un-registered GPA with in blood relation is legal. it would be of great help for me to proceed further with the deal.