Agreement To Sell Compulsorily Registrable

Introduction of section 17(1)(A) of the Indian Registration Act, which enters into contracts for the transfer of immovable property for remuneration of the type of section 53(A) of the Transfer of Property Act, including the compulsory sale agreement. (g) “Agreement for the sale of immovable property.” The reservation provided for in article 49 provides for a derogation from the above-mentioned rule and provides that an unregistered document which relates to immovable property and which otherwise must be registered either under the registration law or under the TPA may be obtained as evidence of a contract in a legal action for a given performance or as proof of a security transaction. In KB Saha & Sons (P) Ltd v. Development Consultant Ltd [(2008) 8 SCC 564], the Supreme Court held that a mandatory registration document, if not registered, could only be considered in an appeal for certain services as proof that a contract was concluded between two parties and that this unregistered document could not be read as proof of the content of the contract. Therefore, if a document is inadmissible in the absence of registration as evidence, none of its provisions can be admitted as evidence. However, despite the legal provisions, many buyers complain that even if they want to register their sales contract, most developers are not interested. In such a situation, legal experts argue that the governments of the Länder should take strict measures, as they will also lose revenue. Therefore, we can affirm that the provisions of the RERA Act 2016 only take precedence over the Registration Act 2016 with regard to the sales agreement. The Secretary stated that the High Court of Lahore had received the proposal to amend Section 17 of the Registration Act 1908.

The Court considers that important judicial disputes are limited to falsified documents, such as.B. sales agreements, so that it is necessary to make them compulsorily registrable. The Supreme Justice, the Supreme Court of Lahore, said such a move will re-examine the dispute casually, saving valuable court time and public resources. The secretary said that in this regard, an amendment has already been made by the Sindh government for the mandatory registration of power of attorney if the lawyer is allowed to sell real estate. Members felt that the amendments would be timely and useful, while ensuring that the measure did not result in double payment of stamp duty, first at the time of registration of the agreement of sale and at the time of registration of the deed of sale. . . .