What is the validity of an unregistered sale agreement

05-May-2023 (In Property Law)
I had issued power of attorney to someone for my land and also entered non registered sale agreement on court paper with him for a consideration of Rs.150000 before 5 years back. Person gave me 50000 twice till now and today after a gap of 5 years period from agreement date asking to pay rest Rs 50000/ and give payment clearance . He has also aquired my land. Can I make the sale agreement null and void today on the ground of land cost escalation and non payment of full consideration within reasonable period ?
Answers (4)

Answer #1
580 votes
Unless we read the document we cannot say what is your legal position pertaining to the conditions enumerated in the sales agreement. But yes there are some laws regarding effective transfer of property.
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Answer #2
873 votes
What about the sale deed? Have you registered? Well what you said is agreement to sell the immovable property which is not registered yet right ? But if at all the sale deed has been registered , then also you can file a suit in the court for cancellation of the sale deed and by such order , the purchase and sell of the property in question may be quashed or canceled and you may be able to regain your property.

Answer #3
836 votes
If the power of attorney is registered the you may approach for cancellation of that and for the sale agreement of there is any specific period determined by you for payment then you may approach through legal notice for revocation of the agreement and also you have to refund the amount which the other party given you.
Answer #4
445 votes
A contract of this type will remain valid for three full years after the date of execution. If there is a negative clause, such as a clause that states the buyer must register the property within three months of signing the contract, the limitation period will be extended.
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