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validity time or expire of sale agreement (rs 100 stamp paper) .
25-Oct-2023 (In Property Law)
What is the validaity time period of Plot Buy Agreement(rs 100 stamp paper). We have done such agreement in october ,2012 .But in place of my father name on that sale agreement, mama has put up his name.All money paid by my father.Now ,mama want share in that plot. I heard that such sale agreement (rs 100 stamp paper) has maximum validity of 3yrs from the date agreement made. Or such agreement validity for whole life time.Please confirm on timeperiod over this agreement stays valid? Is its validity automatical gets expired on 3yrs completion and no legal value.
Dear client, it is correct that stamp paper has three years validity from date of writing or date of completion of agreement. We have solutions for both sides. If u want to hostile your agreement, i have solution. If u want extend validity of agreement paper, i have solution. So, tell me what you want to do?
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Adv. Charanjit Sidana
Faridkot | 100+ Answers
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How long is sale agreement valid?
A registered agreement to sell is considered valid for a period of three years. If there is a negative clause, such as a requirement that the buyer register the property within three month, then the limit is extended. 31-Mar-2023
Can a sale agreement be extended?
1. If the original contract was registered, then the extension agreement must also be registered. 2. CHT is also unchanged if the final amount payable remains unchanged.
Is agreement of sale a valid document?
The agreement of sale is required to be signed in order to complete a future sale. The agreement of sale must be registered to be accepted as valid evidence by the courts. It will help you in the future if any conflict arises.
What if agreement of sale is expired?
Sending a legal note: The buyer can send a notice to the seller stating their right to a refund and demanding the payment to be refunded in a specified time frame. Legal notices should be written by an attorney and sent registered mail with acknowledgment due.
Dear friend, there is law that the legal course can be adopted from the date of its cause of action. In your case, it starts from the date of your agreement. Your mama can claim his money back from the seller if agreement is not acted upon by parties. He can not vlaim from your father. Please also clarify the exact and specific querry of yours. There are a few future consequences which are to be kept in mind , just like if the seller shall be on your side, if seller is ready to get sale deed registred in your father name . etc.
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