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Validity and format of a sale deed.
01-May-2023 (In Documentation Law)
Kindly advice on the validity of the following sale deed: Flat located on 3rd floor Current stage of construction:1st floor slab level.(Photo on the sale deed depicting the 1st floor slab) Landowners have executed the sale deed. Further, Landowners have given development rights to a developer firm(a partnership firm of the landowners) Construction agreement executed by the developer firm in favor of the proposed buyers. Sale deed cost- Rs. 10 lacs- paid to the landowners. Construction agreement cost- Rs.20 lakhs to be paid to the developer firm. The sale deed reads: "Sale of partly constructed flat no. XXX measuring 1000 sq ft and undivided share of land measuring- 600 sq.ft. Possession of the flat is hereby transferred to the buyers". If the above sale deed is invalid, how can it be corrected? Any rectification deed to be done? The builder and the purchaser are friends. However, what actions can each take against the other?
The Sale Deed is invalid and cannot be registered. Convert this sale Deed into an Agreement with specification of your undivided share of land, particulars about constructions and payments made.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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What is an undivided share of property?
UDS (Undivided Share) is the portion of land owned by the purchaser of a flat in a complex residential on the plot where the entire structure is constructed. Each flat built on the plot will have a portion of land, but there wont be any boundaries.
What is the formula for undivided share of land?
How do you calculate the undivided land share? Calculate the undivided land share using this formula: Total Land Area x Size Of The Individual Apartment / Total Area of All Apartments In The Building. 15-Dec-2022
How to calculate UDS for villas?
A simple formula is used to determine the amount. Calculated by multiplying total land area by the size of each apartment, and then dividing by the total surface of all the apartments in the project. 1. A car park that is allotted to you is an important asset for the calculation UDS.
What is undivided share of land in row house?
UDS, or Undivided Share Land, is the part of land that belongs the owner of a living unit within a building complex. This land share does not have clearly defined boundaries, and each unit on the plot has its own UDS.
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