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(b) costs for other services such as the joint venture, the sale of the business, the real estate exchange, etc. Professional fee of 3% In accordance with the Indian Registration Act, 1908, any agreement to transfer shares in real estate worth more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a correct deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. “Fixed assets may only be transferred by means of a deed of transfer (deed of sale) duly stamped and registered in accordance with the law. We therefore reiterate that fixed assets can only be transferred and transferred legally and legally by means of a registered deed of transfer. Under the Transfer of Ownership Act, a contract of sale, with or without ownership, is not a transfer. Section 54 of the Transfer of Ownership Act provides that the sale of immovable property may be made only by a registered instrument and that a contract of sale does not generate interest or charges for its property. “A contract for the sale of immovable property is a contract that is carried out on the terms agreed between the parties” – Section 54. Section 54 further states: “He does not in itself create interest or calculate such property properly.” Attorney`s fees for the purchase of a unit being completed by the developer with a default S&P contract This absolute rule is subject to the exception provided for in Section 53A of the Transfer of Ownership Act. Section 53A provides that the buyer has acquired ownership of the transferred property, while fully fulfilling its part of the contract obligation, since the seller has no right to disturb the ownership thus granted to the buyer.
It should be noted that Article 53A offers the proposed buyer protection against the contemptuous and pours out the contemptuous of the buyer`s troublesome property, but it does not heal the buyer`s ownership of the property. Ownership of the property remains in the hands of the seller….