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Author Topic: Purchasing a flat in Bangalore  (Read 371 times)

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Offline jayeshkumar1976

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Purchasing a flat in Bangalore
« on: April 09, 2016, 11:16:15 PM »
Hi,

I am planning to buy a flat from the owner (who also owns the land where it is constructed). The Khata and sale deeds are in the name of original owner, but last week he transferred ownership of the flat to his daughter in law through a deed of settlement (executed on a stamp paper of Rs.1000). Everything including title and all other documents seems to be genuine.

I wanted to know if she is legally allowed to sell this flat and are there any future consequences to me?
Also,if there is any legal need to have the Khata and sale deed to be in the daughter-in-law's name after transfer of ownership before I can execute the sale deed with her?
Is there any other aspect to consider/check in such a scenario?

Please advise.

Thanks,
JK

Offline adv.amarnath

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Re: Purchasing a flat in Bangalore
« Reply #1 on: April 09, 2016, 11:32:20 PM »
It will not be proper to give you reply without seeing the transfer deed. Further you have not mentioned that whether Settlement deed is registered or not. If we consider it to be registered then on that event both persons is required to put signature on the Agreement for Sale as well as Deed of Sale.

For further clarification and consultation in details you can contact me
Regards,

Amarnath Sanyal
Advocate
Email - adv.amarnath.sanyal@gmail.com
Mob - 09830303322

Offline jayeshkumar1976

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Re: Purchasing a flat in Bangalore
« Reply #2 on: April 10, 2016, 09:31:46 AM »
Thank you for the response. The deed of settlement is registered at sub-registrar's office. Do both the owners need to be present and sign the registration or will he daughter in law be able to do and is there any issues in paying the daughter in law the final payment?

Offline adv.amarnath

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Re: Purchasing a flat in Bangalore
« Reply #3 on: April 16, 2016, 08:41:18 AM »
It is better to put all of them signature in the Deed of Sale on the appropriate portion.

For further clarification and consultation in details, you can contact me

If you like any comments/ suggestion then please like on APPLAUD just on the left hand side of this post
Regards,

Amarnath Sanyal
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Email - adv.amarnath.sanyal@gmail.com
Mob - 09830303322

 

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