I have entered into Property Sale Agreement with the buyer and paid 1% stamp duty (i.e. 1% of the property value) at the Registrar's office. Rest amount was to be paid at the time of Registration.
I submitted the Sale Agreement at the Registrar's office. I applied for a home loan in a bank.
Now, two things have happened:
1. Sale Agreement has expired.
2. I have to re-apply for home loan, so it might need new sale agreement, may be in different format.
In this case, the 1% I paid previously, does it become void i.e. I have to re-pay again as new agreement has to be made.