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When can a sale deed be Cancelled?
1. The sale deed once executed and registered can not be cancelled in any circumstances. 2. only if the sale deed is done by force, fraud , coercion or misrepresentation to the material fact then the court can on proof of these allegations can declare the deed as null and void.
Can sale deed be challenged in court?
A sale deed can be challenged in a civil court. The case should be against the buyer and the seller as both must be knowing about the status of the land. If the buyer is innocent then too he should be made a party.
What are the grounds for cancellation of sale deed?
Cancellation
- An individual feels that the deed is voidable or has a doubt that such a deed will cause him injury if left outstanding.
- If the deed was registered according to the laws prescribed in the Indian Registration Act, 1908.
- The cancellation may be executed by mutual consent of all parties.
How do I challenge a registered sale deed?
You need file a declaration suit before the civil court for nullifying the Sale deed. You can file a criminal case of fraud and cheating agaisnt him for making false sale deed further you need to file in civil court for cancellation of such sale on ground it is false and wrong.
Can registered sale deed Cancelled?
It is possible to cancel the registration of your conveyance or title deeds (sale, gift, exchange, transfer) by registering a cancellation deed. It cancels the property transfer that had taken place from the buyer to the seller. It must be signed by both, the buyer and the seller.
What is the legal significance of registered sale deed?
Legal Importance: Registered Sale deed is a legally binding document. What is a sale deed? A sale deed is a legal document that describes the sale of a property between the parties (buyer and seller). It is proof of ownership. It transfers the rights in the property from the seller (transferor) to the buyer (transferee).
What is execution of the sale deed?
Execution of the sale deed is technically the concluding part of property-purchase process. After a buyer and a seller reach an agreement, they first execute an agreement to sell, a document that sets the terms and conditions based on which the future transaction will take place.
How long does it take to get a sale deed?
The original documents have to be produced within four months from the date of registration of the deed. It is the buyer who pays the stamp duty and the registration charges. The seller needs to clear all payments related to the property such as property tax, cess, water and electricity charges before the sale deed is signed.
What is the difference between an agreement for sale and sale deed?
An agreement for sale is a promise in future, that the property will be transferred to the rightful owner while sale deed is the actual transfer of property ownership to the buyer. Was this article useful?