execute sale deed as soon as possible . when you entered into negotiations for purchase of land some time frame must have been decided . if time frame has expired extend time frame by mutual consent .
Time limit for execution of sale deed after payment of stamp duty
Dear Sir, I have made the Payment of Stamp duty as per Jantri Valuation before 3 months for purchase of a land and I have not executed the Sale Deed yet. Now, I want to know whether there is any time limit for execution of sale deed after payment of stamp duty as per jantri and what much time limit it is ? Kindly also let me know what is the procedure for the same, if such time limit has lapsed and what much time it take ? Please reply.
Asked 10 years ago in Property Law
6 Answers
Dear Sir, Thanks for reply. I want to further ask you if the time limit of 3 months has lapsed then, am i required to follow any procedure of form filling for the same and wait for 7-10 days for execution of sale deed. Actually, my lawyer suggested me to wait for 7-10 days as time limit of 3 months have lapsed. and for your concern, the matter belongs to Ahmedabad, Gujarat. Pls Reply...
Asked 10 years ago
sir it all depends upon the availability of time with sub registrar,you will definetly have to fix an appointment with him
Dear Rajeev Sir, Thank u very much for reply...
Asked 10 years ago
my pleasure
you have already engaged a lawyer . go by his advice . you should do it as soon as possible with consent of the purchaser . take appointment with sub registrar office for registration of document
The time frame must have been specifically mentioned in the agreement you made with the buyer. Unless and until the time period is mutually extended the time period which has been mentioned in the agreement ranks sacrosanct.
Since time period has already lapsed you should execute the sale dded as soon as possible to obviate the possibility of a legal action for damages being brought against you by the buyer.