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Thilak (Engineer)     21 December 2009

Should I register Resale Agreement

I planned to buy a resale flat for which I decided to pay 10% of total property value as advance to the party during signing up the agreement.  Balance amount will be paid at the time of registration.  I would like to know, to be safe from my side whether should I register the agreement since I am going to pay him 10% of total amount.

Please advise me.

Regards,

Thilak

 



Learning

 3 Replies

Anish goyal (Advocate)     21 December 2009

Registration is optional in case of agreement to sell.
1 Like

Adv Archana Deshmukh (Practicing Advocate)     21 December 2009

It will be safe to register the agreement.

1 Like

niranjan (civil practice)     21 December 2009

I think sec.17 of the reg.act as been amended and registration of sale agreement has been made compulsory,however,the state has also made amendments.However,without going into that I agree with Adv. Archanaji to get the same registered.

1 Like

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