646+ Lawyers are online 
Property possession and registry
01-May-2023 (In Property Law)
I have got Offer of possession letter from the builder for the property booked by me. I have been asked to settle the dues in 1 month. Is it compulsory for me to do registry within 1 month? Is it mandatory to do registry on Sale value only? What if I sell rent the property without registry??
Yes, it is mandatory for the tax purposes to execute the said registry on the sale value.Also, it is not mandatory to settle the said dues in a month. It is advisable to buy the said property with registry as, it confers a proper legal status to the property.
Helpful?
49+
49+
Adv. Siddhant Sharma
Delhi | 500+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
