2) It is airtight that the date of execution of the sales contract by registration have been extended by 25 days. 1. You can give him a lawyer to close the sale. If he does not respond to the request made in the notice of contract, you can sue him to ask him for instructions from the court in order to pay the balance and to take all necessary measures to comply with the agreement. Introduction of Section 17 (1) (A) of the Indian Registration Act, which entered into transfer contracts for compensation of real estate under Section 53 (A) of the Property Transfer Act, including the mandatory transfer agreement. C. You can exchange the property by executing the payment of the stamp duty exchange throgh registration process. A real estate sale agreement that provides for the sale on terms agreed between the parties (sales contract or ATS) does not in itself create any interest in the property or a charge. Section 54 of the Property Transfer Act, 1882 (TPA), defines the sale as a transfer of ownership at a price and provides that the sale of land worth more than 100 INR (cent) can only be done by a registered instrument. It should be noted that section 54 does not provide for the mandatory registration of the deed of sale, that is, the instrument used for the sale of real estate, but does not require the registration of the ATS. However, you can notify the buyer a week in advance with the expression of your willingness to perform your part of the contract to make the registration of the sales letter in his favor if he pays the balance of the amount of consideration within the time set in the notice of market and always registered the sales number E at his expense. This will guarantee your interest.
There is no savings/deeming system under the law that takes into account the fate of unregistered ATS exported before May 1, 2017. In order to determine the fate of these ATs, the law could have been considered to have been registered under the Act before May 1, 2017 (subject to payment of a royalty to the relevant sub-registry), provided that even the ATS that were executed before May 1, 2017 are registered within a specified time frame, as required by the registration of current projects pursuant to Section 3 of the Act. In the absence of such a provision, there is ambiguity as to the validity and application of these unregistered ATSes, which are now legally required to be forcibly registered. Parliament must respond to the aforementioned ambiguity with an appropriate amendment to the law. Alternatively, the national governments concerned could address the issue in the internal regulation.