Should Sale Agreement has to be Registered ? is it mandatory ?

Q: Hi I have booked a plot from a builder by paying token advance and and want to do the Sale Agreemenrt now ? How the Sale Agreement is writen ? Is it in Stamp paper ? And should we also register the Sale Agreement ? If it is not registered then it wont be considered during legal issues ? Please advise.

sai kumar,

25th June 2014

Legal in Mrr Horizon, Mysore Road, Bangalore

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Replies (2)

Hi,
Sale Agreement will be prepared on Stamp paper. Registering the agreement is always safe if any legal issues raise in future. Generally All reputed builders will collect the amount from unit owner towards registering sale agreement. Regds, Dev Mob: 8861214913

Vasudev, Bangalore

15th August 2014

Comment

It generally depends on the fact whether the property which is being transferred is done by the sale agreement or without it. During a case sale agreement, it is the tendency to the agreement to sell and it is not compulsory to get it registered. Furthermore, the registration can be done while executing the sale deed. However, if the sale agreement leads to transfer of property, it becomes mandatory to register it.