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If same property is sold to two people who will be the real owner
26-Jul-2023 (In Property Law)
I am from Nashik Maharashtra. I have below query. For eg. A is a seller of a NA Land ( Non Agriculture Land) . He agrees to sell property to B at Rs.50lacs. He takes token of Rs.25000 ( 25k ) and do visar pavaty ( i don't know what to say visar pavti in english but it is written document on stamp paper ). In this document he agrees to sell said property at Rs.50 lacs provided B submit payment in 3 MONTHS. So here time period is of 3 MONTHS Now, A sells same property to C and do takes full payment from C and do registration to C. Now, what is the position of B and C
As per your query since the period of 3 months have been collapsed the rightful owner of the property can sell the said property to the third party and in that case third party will be true buyer of the property.
As per the agreement between the buyer and seller, either the token amount of Rs 25000 will be refunded to you or the rightful owner will forfiet the amount as you failed to make the payment within 3 months.
As per the agreement between the buyer and seller, either the token amount of Rs 25000 will be refunded to you or the rightful owner will forfiet the amount as you failed to make the payment within 3 months.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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Can same property be sold twice?
1. Once a property has been sold to you, it cannot be sold again. The purchaser of your property and subsequent buyers do not have any rights, title or interest in it.
What is the Supreme Court Judgement on the sale of property through GPA?
The Supreme Court (SC), while stating that general powers of attorney (GPAs) are not legal, ruled that registered deeds alone provide legal backing to these transactions. You may also be interested in: How do I become a co-owner? 20-Oct-2023
What is the Supreme Court Judgement on cancellation of sale deed?
Supreme Court of India In the case of Vidhyadhar v. Manik rao (AIR 1999SC 1441), it was held by the Supreme Court that the non-payment of a portion of the purchase price did not affect the validity of a sale. The sale deed cant be canceled because the buyer didnt pay the full amount. 11-Oct-2023
What is the Supreme Court Judgement on registered agreement to sell?
The Supreme Court has ruled that although an Agreement to Sale does not transfer ownership rights to an immovable, if the prospective buyer performs their part of the agreement and takes possession of the property then they are said to have acquired possessory titles and the same applies... 07 Jun 2023
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