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What is the legality of MOU in case of default by developer
01-Jul-2023 (In Property Law)
As an Investor,i got allotment letter of flat and MOU Of flat buy back arrangement on Karnataka govt.E stamp paper.In order to enforce in court of law is it sufficient.or it needs to be registered with registrar.If yes then what are it's charges and formalities.suggest some website for clarity.
Dear Sir/Madam, first of all there is no value for MOU in the eye of law, but it will be used for the some transactions for proof of among between the parties only, it is not authenticated document. You will enter in to an Agreement for the same, it will be register as per Indian Registration Act by paying stamp duty as per stamp duty act. You have to refer the sub-registrar website for the same.
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Adv. Chandrashekhar Vithal Jadhav
Bangalore | 200+ Answers
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