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Property sale agreement made 2months back & taken advance amount
06-Jun-2026 (In Property Law)
I made agreement for my plots sale in Hyderabad 2months ago & buyer gave me 2lac advance.Yesterday government value of the plot got doubled,now I want to sell it as per current govt value so that I won't go on loss
If you have already executed a valid Agreement of Sale and received advance consideration, a subsequent increase in the Government Guideline Value does not, by itself, entitle you to unilaterally alter the agreed sale consideration or refuse performance of the contract. Subject to the terms of the agreement, the purchaser may seek specific performance and enforce the contract through a competent civil court. Before taking any decision, carefully examine the agreement conditions, timelines, and default clauses. Any attempt to back out solely on account of a subsequent increase in market or guideline value may expose you to legal proceedings and financial consequences.
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Adv. Pavani Kumari
Guntur | 400+ Answers
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