1.Insufficiency of stamp paper does not make the agreement invalid and hence on the basis of agreement even if executed on deficient stamp papers can be relied upon.

2. In this case since no advance payment was made the agreement was not acted upon at all

3.Now the seller can cancel the agreement and proceed to sell the proeprty to another buyer. There is no legal impediment in this.

4.on the basis of this agreement the suit can be filed but in that event the court may impound the agreement and ask the party relying upon the agreement to pay the penalty and deposit it in court.

1) it is necessary to peruse agreement entered by you to advice

2) there must be clause in agreement that if purchaser fails to make payment within stipulated period agreement would stand cancelled

3) agreement ought to have been on Rs 1000 stamp paper as property is situated in Bihar

4) if you have sold the property purchaser can file suit for specific performance of contract

5) seek court orders to set aside sale deed

Hello,

Kindly provide the copy of the agreement for exact and appropriate advise, there must be a termination clause in the agreement.

It should happen on a Rs. 1000/- stamp paper,x

The other party is at liberty to file a suit for permanent injunction

Regards

As per the stamp law of the state of Telangana stamp duty is sufficient and document is valid but when you seek execution of this document in the state of Bihar you have to pay remaining balance amount through treasury challan.

This Agreement has no legal basis and hence, it can't be made the basis by the previous owner for instituting a suit for specific performance against you.

Sale agreement itself does not confirm any right so you have option to repudiate it before actual sale. If you do not receive the sale amount you have option to repudiate the buyer cannot Institute any case without paying the sale amount.

First of all the unregistered sale agreement is not valid in law and it canot be enforced by either party through a court of law.

The sale agreement can be entered in the jurisdiction where the property situate and not in any other place of your choice or at your fancies and whims.

If the unregistered sale agreement is not valid in law, then there is no question of the value of the non-judicial stamp paper to be used for this.

Even if the buyer would fie a suit for this, it would not be maintainable.