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Is GPA through notary valid to buy a plot
30-May-2023 (In Property Law)
WE ARE BUYING OPEN PLOTS (PROPERTY) BECAUSE SELLER IS IN NEED OF MONEY CAN WE DO - AGREEMENT OF SALE CUM GPA THRU NOTARY IS IT VALID, OTHERWISE AGREEMENT OF SALE CUM GPA REGISTRATION IS COMPULSORY OR HAS TO GO SALE DEED REGISTRATION DIRECTLY, AS PROPERTY IS IN LITIGATION, TT WILL BE RESOLVED LATER BY ORIGINAL VENDOR REPLACING WITH OTHER PLOTS. THIS IS QUERY ONLY TO AVOID UNNECESSARY STAMP DUTY COSTS, TIME BEING N UNTIL THE RESOLVE AND DO SALE DEED REGISTRATION LATER.
general power of attorney without agreement having notary is valid as the agreement of sale without registration also vaild but it have its own defects and time of limitation and needed to be registered is possible
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Adv. Innamuri Balasubramanyam
Rajahmundry | 700+ Answers
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Agreement of sale cum GPA through notary is not valid as it is open to risk as the vendor can sell the plot on notary too many person. As you said it is already in litigation you are adding another to your name. Please go for agreement of sale cum GPA and register it. Stamp duty is not unnecessary it will provide you security.
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Adv. Syed Shakir Hussain
Hyderabad | 25+ Answers
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