Hello all,
I have bought a resale flat with bank loan on 5 Feb 2009. The seller is asking to handover the remaining payment cheque issued by bank on unregistered sale deed. He is orally agreeing to register the sale on in first week of April as he can delay paying capital gain tax in assessment year 2010-11. Seller is also willing to give posession of the flat.
The original propery documents of the seller are already transfered to my bank for loan purpose.
Will it be safe to do the unregistered sale deed upon full payment with possession on the oral promise to register the same in future.
Wil the unregistered deed will hold any legal validity due to full payment and possession?
I will appreciate your openion on this
- Samazdar Babu
