Agreement Of Sale Execution
What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. Real estate can be transferred through different modes, for example. B by sale, mortgage, leasing, gift, exchange, etc. Under the Property Transfer Act 1882, Section 54 states that the sale is defined as the transfer of ownership of a property for a price paid or promised or partially promised or partially promised or partially promised. In addition, an ATS does not require mandatory registration under Section 17 of the Registration Act, 1908 (Registration Act) as well. This can be inferred from the fact that the list of instruments requiring mandatory registration under Section 17 does not contain ATS. In all cases, paragraph 17, paragraph 2, excludes certain documents, including an ATS, from the applicability of sections 17(1) a) and 17 (1) b).
An ATS is excluded as a document class in accordance with section 17(2) (v). In addition, the explanatory note in Section 17 also states that a document that establishes or commissions a contract for the sale of real estate is not considered to have a registration obligation or is never required. The seller of the property in indirect sales after receiving the agreed consideration, Deliver the property and execute some or all of the following documents: Conclusion: The notator was entitled to claim long-term capital gains from the sale of the property under Section 2 (47) to be considered at the time of the agreement of 11.04.2007 , instead of executing the deed of sale 13.04.2010 , because the purchase agreement was dated 11.04.2007, the transformation of land use by jDA on 3.02.2010 and 05.02.2010 and the execution sale of 13.04.2010 were linked and inseparable from the chain of events necessary for the transfer transaction. The Pioneer Supreme Court decision clearly brings the actual meaning and use of these terms in the sales process. 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.
(i) the amendment of the Registration Act, 1908 by Amendment Act 48 of 2001 with effect to 24.9.2001, which requires documents that have transferred a contract for a fee (sales agreements, etc.) relating to real estate within the meaning of Section 53A of the Act must be registered; and 12.