Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. 2) He must come to the town hall to terminate the contract. 1) It is necessary to sign the sale agreement to councils. (i) the amendment of the Registration Act, 1908 by Amendment Act 48 of 2001 with effect to 24.9.2001, which requires documents that have transferred a contract for a fee (sales agreements, etc.) relating to real estate within the meaning of Section 53A of the Act must be registered; and India and its metropolises are a booming market for real estate. All those who have a decent earning capacity want to invest in an asset that gives the security of high returns. In general, the most important and important document regarding real estate is the sales contract. Such a sales contract must be registered in a particular seat in the city. Today, we will discuss the validity of an unregured sales contract and count as a valid document without registration. Under Section 54 of the Transfer of Ownership Act, a sales contract, i.e. a sales contract, does not in itself generate any interest or charge for that property. Hon`ble Apex Court has found in numerous earlier cases, after recognition of various legal provisions, that a sales contract confers only a fiduciary character of the personal undertaking and is attached to the property, but does not constitute an interest or relief. Therefore, the transfer of real estate by sale can only be carried out by a willingness to transport (sale).
In the absence of a transport authorization (duly stamped and legally registered), no rights, property or interest in real estate can be transferred. Any sales contract (sales contract) that is not a registered transportation permit (authorization to sell) would be less than the requirements of Sections 54 and 55 of TPA and would not authorize the property or the transfer of interest on a property. According to TPA, a sale agreement, whether owned or not, is not transportation. Section 54 of the TP Act provides that the sale of real estate can only be done by a registered instrument and that a sale agreement does not create interest or fees on its property. (ii) subject to the same stamp duty as the obligation to transport the laws on stamps, contracts of sale with default and/or irrevocable powers in favour of non-members who authorize the sale. A sale agreement protects the interests of both parties and clearly defines the conditions under which the seller intends to sell the property and the conditions under which the buyer intends to acquire it. This facilitates the smooth conclusion of the transaction without quarrels, confusion and misunderstandings. The sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. 8) If the buyer refuses to accept the termination of the contract registered for sale, you can file an action for a specific benefit to direct buyers in order to make a balance if you have a website for the construction of a house (in this case it is called the construction sale contract) or an apartment of a contractor, the sales contract is a document that you will check thoroughly before signing.