Hello Sir, I am purchasing a resale flat from owner. We have signed notorized agreement in which I have paid some advance amount and rest will be paid after loan process. However, name of the seller is mentioned as Meena in stamp paper (typing mistake) while actual name is Meenu. 1) What is the way to correct it? 2) Will it affect the loan process?
1. Get an Affidavit from the seller stating that the correct name is Meenu and due to typographical error the name in the sale agreement has been shown as Meena, instead of Meenu.
2. Let the Affidavit also contain that the name "Meena" mentioned in the sale agreement and the name "Meenu", belong to the same person.
3. This typographical error does not affect the loan process.
1. FIRSTLY, "Notarized Agreement" is illegal and is also a prosecutable offence for concealing and evading Stamp Duty and Registration Fees. Further Banks will not give loan on notarized agreement.
2. Any type error or inadvertent mistake in a legitimate agreement can be corrected via a registered "Rectification Deed".
Sir, the name is wrong in e stamp paper only. Sale agreement contain correct name. In e stamp it is typed as "Meena" in place of "Meenu". What is the way to correct it?
Then you need to do nothing. Go ahead.
Which stamp you are talking? Stamp on which agreement is executed ?
Correct the name by hand and mark initial of both parties. No big deal.
1) you can correct typing mistake and take signature of both parties on page where alterations have been done
2) it would not affect loan process
If in sale agreement correct name is mentioned you should not face any problem
1. Forget the eStamp Paper. IF name is correct in the legitimate Agreement, THEN there is no need to do anything or any corrections.
Dear Ma'am,
An error in e-stamp paper alone will not create any problem. There is no need to correct it. Do not worry.
Best wishes.
E stamp paper can be rectified so for this purpose you have to submit b e paper along with me approval from the treasury officer to the the organisation who has issued this stamp paper you will get a duplicate stamp paper and you have to deposit the previous one with corrected name
Please approach the competent authorities and inform them by E-mail about correction in the name of E-Agreement. They would allow you after charging some nominal fees.
The spelling mistake in the stamp paper for the unregistered sale agreement is not an error that has any adverse effect.
The loan shall be processed based on the documents of the property including the sale agreement and not on the spelling of the seller in the NJS paper.
Don't have to correct this minor and ignorable error.
It will not be a cause of concern.
Just forget it.
If the amount of stamp is not much and can be purchased again than buy a new stamp and get a fresh document with corrected name prepared.
If value is high than correct it by pen and get it registered again.
- Since, the said agreement is not registered from the office of registrar, then you can correct the same , and take the signature of the seller , and further can prepare another agreement after cancelling the this agreement .
- Otherwise, you both can enter into a Rectification deed after correcting her name , and further notorized the same like the agreement.
- Check with the bank , there is possibility not to accept unregistered agreement for sanctioning loan .
- If the name is mistake in only e stamp paper , and the sale agreement is containing correct name , then no need to change the same , it is a valid document , as Sale deed will have the contents of this agreement and not e stamp paper.
this cannot be an issue. it can be corrected by making an application at the E-stamp Stockholders Office. mentioning your detail and correction they may charge a little amount and reprint the Stamp Paper.
Another way is, you can use a whitener and correct the mistake on the stamp paper. Affix your signature near the correction thereby acknowledging the same. At the end of the document give a note that such and such correction has been made.
A rectification deed must be registered ie another stamp paper which should mention this mistake. It should have signatures of the parties.
Ok. Then it should be cancelled and another taken by stating the correct name.
Dear Sir,
Such typo error occur in the name when the documents handled by different persons and the said error is not of much value. But one affidavit may be prepared that the both the names belong to same and one person.
1. You should correct the name in agreement by pen and take signatures of seller on correction or execute a fresh agreement with seller.
2. Yes it will effect loan process because bank will check name spellings on sales agreement and sales deed.
3. If name is incorrect in estamp only then you can take a name declaration affidavit from seller that name mention in e stamp was inadvertently mentioned as meena.
It's ok you file an affidavit to do it asper you. Otherwise new document
Send a letter to the concerned authority to rectify the mistake.
