A contract would have been executed once both parties had fulfilled their obligations. In the case of a real estate contract, this step is taken. Pending the change of payment and title, the contract can only be executed „enforceable.“ A deed of sale is usually a document that transfers the rights of a party with a property of another property. It is designed in the first place as the continuation of the sales agreement. All the conditions mentioned in the sales agreement are met and met in the sales agreement. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act. Thus, it is clear that a security in a property can only be transferred by a deed of sale. In the absence of a deed of sale duly stamped and registered, no right, property or interest for a property, the buyer of the property. In the absence of contrary legislation, an ATS has not been registered in accordance with industry practice with respect to real estate exported both between individuals and between developers and Allottees. As the law did not provide for registration, ATS was also not exposed to the consequences of section 49 of the Registration Act. Therefore, the courts and especially consumers for has, used to make these unregistered ATS effective. It precedes the execution of a deed of sale. This contract is signed and executed by the seller and buyer on a non-judicial stamp document.
It has legal value and may, if necessary, be presented in evidence in court. The agreement defines the procedures leading to the execution of the deed of transport or sale. It records the agreement reached between the parties and binds the two parties. 10. On the other hand, ld. DR submitted that the DVO had established the assessment after reviewing the evaluator`s objection and the evaluation report submitted by the registered evaluator. The fair value of the property must be determined at the time of the sale deadline, so that the circular of 14.07.2014 was not available at the time of the sale deadline and is therefore not applicable in the case of the appraiser. He relied on orders from the authorities downstairs. A discussion above therefore indicates that land can only be legally and legally transferred/transported by a registered transport obligation.