It is valid, but the value of the stamp paper must be proportional to the value of the plot. You can pay for the undervalued stamp paper later if it is determined that the stamped paper in question was undervalued. In fact, even a verbal sales agreement is legally applicable. The sale agreement is concluded each time the actual sale of the property is to take place at a later date. Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. 3. In any case, if the seller does not refund you the money in case of cancellation or if the sales file is not registered, then you can take legal action for the specific performance of the contract. Stamp duty to qualify for a home loan: you must pay a stamp duty if you take a credit for the purchase of the property. In this case, you are required to deposit your real estate securities with the bank in addition to a company with which you mention that these securities are submitted by you on your own will to acquire the loan. This business is registered, as well as an amount of 0.1 to 0.2% of the amount of the home loan in the form of a stamp duty for these. The unregord sales contract is unenforceable in court. However, every time such agreements are to be implemented, the implementation of an agreement on stamp paper takes time, laborious and, therefore, in practice.
Seeing the unregistered agreement for sale can be considered as proof of the transaction and the unregistered agreement to sell, as it could find itself in a lawsuit for certain services and admitted into evidence in the company see 49 of the Registration Act. The non-registered sale agreement can form the basis of the legal action of a defined benefit and serve as evidence of the contractual agreement or partial performance of a contract. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016. The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision.