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Resale flat through endorsement
29-Oct-2023 (In Property Law)
We are buying flat in Delhi NCR in a society. The whole story is that the sellor is a vendor/supplier in that society construction and in compansation to his billing/payment, the builder has gave a flat in lieu of payment. The property is still in raw condition and un-registered since the vendor has no plans to stay/own that flat in future. We as buyer, reached there and plan to buy that flat then we come to know all this. Since there is no dues on that flat the seller is ok and happy with the dealing bcz his payment is going to release which was earlier blocked. Now the builder has amended the old agreement with that vendor name and our name as endorsement. and soon we will do its registry.
Can you please advice that is there anything on which we should worry about??
hello client as i can see ur issues is very genuine in my eyes but give you propwr advice i need to know full details of the property which you are planning yo buy in this matter investment can be good as well as bad also so girst of all i need to knw the full deatial of the property then i am able to suggest you the best. way.
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Adv. Vishwanath Pratap Singh
Delhi | 500+ Answers
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What is the full form of PTCL certificate?
The buyer may ask the seller/builder to obtain an endorsement under the Prevention of Transfer of Certain Lands Act. This document can be issued by either the Tehsildar, or DC. The purpose of this document is to ensure that the property does not lie on land granted by the SC/ST community.
What is the meaning of PTCL land?
Karnatakas PTCL or Karnataka Act 2 of 1978, also known as the Scheduled Castes & Scheduled Tribes Act of 1978 (Karnataka Act 2 of 1989) is a law. This law, which was first introduced in 1978, is retrospective and considered to be an ex-post facto law.
What is the full form of PTCL law?
Prohibition of Transfer of Certain Lands) Act of 1978 (the PTCL Act) held that alienations of respective... Acts to Civil Courts only and that Revenue Courts or Revenue Authorities under the Karnataka Land Revenue Act or PTCL. Karnataka High Court. Cites 6 – Cited by 2. Full document. Sri.
Can we buy land from SC ST?
Conclusion. The sale of SC land is prohibited by Section 42 (SC and ST Act). This law was passed to protect the tribes of SC/ST. You can still acquire SC land if you obtain authorization from either the DM, or collector. 05-Sept-2023
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