LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

kumar aaaa (se)     10 November 2013

Purchasing property

We are planning to purchase a plot which has a small sheet house in it in which the owner is staying. The size of the plot is 30x30= 900 Sqft. The owner is selling half the property i.e. 15x30=450 Sqft. The property is currently having  'A' khatha and the owner has paid up to date property tax.

History of the property

1. A has done Gift Deed to B in 1948. This gift deed is getting registered in 1955.

2. B and her son C have given GPA to D ( Not sure if this is registered)

3. D has done sale deed to E in 1980 (Registered)

4. E has done GPA (Notary) to F in 1988 (Not Registered)

5. F has done GPA (Notary) to G in 1988 (Not Registered)

6. G has done Sale Deed to H in 1996 (Registered)

7. H has done Sale Deed to I in 2006 (Registered)

Now I is selling the property to us. We have asked for some additional documents from the owner like EC, Gift deed copy of A to B , GPA done from B&C to D etc.

Questions:

Question 1 : Let us know if there is any risk in purchasing the property as the 2 notaries done earlier were not registered. ?

Question 2: Are there any chances of a dispute from any of the earlier parties ? If yes which party has the right for a dispute ?

Question 3: In case of a dispute what are our chances of winning ?

Question 4: Since the first Notary was done 25 years ago does it stand any chance for a dispute now ?

Question 5 : Do we need to take any precautionary measures before buying to reduce the risk ?

 

 



 2 Replies

Ashimta Lekhi Malhotra (Independent Lawyer)     10 November 2013

Meet a lawyer personally in his chamber in your city for consultation. It is improper for a querist to seek free consultancy from the lawyers.

kumar aaaa (se)     19 November 2013

Then why is this forum meant for ? We are seeking advice as everyone else does in this forum.This is not a consultation.Consultation involves lot more activities like study of the property documents in detail , checking the authenticity of the documents , verifying if all the documents are provided etc. which we are not asking in this forum.We are not forcing anyone to provide answers.Only interested persons can answer or ignore.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register