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Anandan Rajamanicam (Engineer)     07 April 2015

Validity of sale agreement on rs. 20 stamp paper

Dear Legal experts, 

Please give your guidance for the following issue.. ( Staying in Tamil Nadu )

I singed a Sale agreement using Rs.20 stamp paper but it is not registered,

Buyer paid almost 50% of Sale value as a advance by CASH,  I received and deposited the cash on my saving account.

Stipulated period mentioned 3 months, Buyer have to Register the Sale Deed with in 90 days. If not he will forgive the advance payment. If he paid 100% then If I am not ready Register on his name, then I have to pay double the amount to the Buyer.

Now Buyer delaying for Sale Deed registration by paying remaining 50% sale value,

If Delay what should I do  considering I don’t with to SALE the Agri Land.

.Thanks in advance for your guidance.

Best Regards,

 

Anandan.R



Learning

 1 Replies

saravanan s (legal advisor)     07 April 2015

sale agreement need not be compulsorily registered.you can file a suit for specific performance


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