A friend of mine bought a property in 2006 from a property seller. It was decided to buy the property in Rs. 50 lakhs only. The matter was mentioned in the agreement for sale. This amount is paid to the property seller as agreed in the agreement for sale. Some of the amount is paid in cash and some is paid by cheque. A separate agreement has been made regarding the amount received from the property buyer to the property seller. The agreement is also signed by the heirs of the property seller.
However, due to some technical difficulties, registered sale deed could not be made at that time. Therefore, the registered sale deed has not been made. In such a case, the property seller has given direct possession of the property to the buyer by considering agreement for sale and now the buyer resides in the property from the date of agreement for sale.
Now the buyer of the property has to sell the property due to financial needs. But, before that he has to make a registered sale deed of the property. However, the property seller died in 2008. The heirs of the seller of the property have no objection and they are ready to make the registered sale deed.
Is it possible to make a registered sale deed in such a situation? Will the sale deed thus prepared be considered as official or registered sale deed of the property?
However, please suggest legal action to the buyer of the property to get a registered sale deed.
Thanks and Regards,
Kalidas A. Shendre