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Informal agreement with the builder now he cheated


13-Apr-2023 (In Consumer Court Law)

I wanted a certain builder to construct my house, but the builder tried to cheat me and now I have a house that's not completely constructed. Now we have reached an agreement and have settled for a certain amount. I have an informal agreement on a piece of paper, signed by both parties and two witnesses. Do I need to get a formal agreement on a stamp paper for this or will this informal agreement suffice?

Answers (4)

Answer #1
920 votes
Hi. My advice to you is that you should get a settlement deed drafted and signed so that incase the builder fails to fulfill the promise in future you will be in a position to take a necessary action. For further clarifications please get in touch.
Advocate Ridhima Chhatwal

Adv. Ridhima Chhatwal

LawRato Delhi | 25+ Answers
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Answer #2
989 votes
Hi, in my opinion you should go for formal agreement on a stamp paper as he has cheated you earlier also and informal agreement will not be suffice as such.
For further assistance you may take advice from us.
Advocate Parveen Arya

Adv. Parveen Arya

LawRatoDelhi | 25+ Answers
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Answer #3
827 votes
As per stamp act every agreement must be properly stamped otherwise that documents shall not be admitted as evidence. Since you may claim damages on the basis of settlement agreement and it must be properly stamped for enforcing the terms mentioned in that agreement.
Advocate Rajesh Kumar

Adv. Rajesh Kumar

LawRatoDelhi | 100+ Answers
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Answer #4
873 votes
Hi, it is better if you get the agreement done on the formal paper. You will have the legal value of that. there will be entry in the register of notary also. the agreement of white paper and has no value and you have to put more efforts to prove that.
Advocate Ganesh Singh

Adv. Ganesh Singh

LawRatoDelhi | 500+ Answers
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