I am planning to sell my residential house for 80 Lakhs (actual guide line value is 20 Lakhs) .Since i am planning to buy another property that costs around 90 lakhs,i want the transaction in white .I aggreed to the buyer
that i will bare the restitration cost for that reminaing 60 lakhs.
Buyer also told partially ok for this white option.But if i go for the registration,
1) If the registrar disaggrees to register ,since the sale deed is going to be a 4 times greater that the guideline value ,what i need to do?
2) does the registration dept will allow such kind of transactions?
3)it will create any rule violation?