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Is an unregistered agreement on a blank paper valid
17-Feb-2023 (In Property Law)
I am owner of a house. I executed an unregistered agreement on blank piece of paper (not registered or stamp paper) with his signature in favor of B. we agreed with 1 crore deal and I received 6 lakh as an advance. he promised me to pay all amount within 3 months but now he refused to purchase my house without any reasonable ground and demanding for money back . My question is, this agreement is valid or not in court of law? Can I file a suit through specific performance act or retain the initial earnest money payment and terminate the contract? He threatened me for criminal case as a fraud and civil case also if I did not return his money.
Vide section 4 of Registration (M.P. Amendment) Act 2009, clauses F and G have been inserted in section 17 of the Indian Registration Act, 1908 which provides that "any document which purports or operates to effect any contract for sale of any immovable property compulsorily requires registration".
The said amendment has come into force in the state of MP from 14.01.2010, which is the date of its publication in the gazette of MP.
If your agreement is after this date, then it is not valid in eyes of law. However, you have another right to sue him for specific performance of contract alleging verbal contract of sale.
The said amendment has come into force in the state of MP from 14.01.2010, which is the date of its publication in the gazette of MP.
If your agreement is after this date, then it is not valid in eyes of law. However, you have another right to sue him for specific performance of contract alleging verbal contract of sale.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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