2. An unregant sales contract is not valid in court The signing of a sales contract becomes important given several factors. First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute. Also, if you apply for a home loan, the bank would not accept your application until you sign a sales contract. An unreged sales contract may be in the order of 100/- non-judicial and it is sufficient in Hyderabad, Telangana. Rs.100 Non-judicial stamp paper is sufficient for an unregregtored sale contract of real estate or the total sale consideration worth Rs.85 lakhs. It is valid and admissible in the courts or in any other authority. The registration of a sales agreement is not mandatory, it is optional. Article 100/100 of the non-judicial stamp document is sufficient to reach an agreement.
Under the Indian Registration Act of 1908, any interest transfer agreement must be registered on property worth more than 100 rupees. Therefore, if you purchased a property for sale as part of an agreement without a good state of sale, you will not receive any right or interest in the property that would be transferred under the sale contract. This absolute rule is subject to the exception of Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the purchaser`s possession if the purchaser has entered into possession of the property that is the subject of the transfer, while fully acquiring its portion of the contractual obligation. It should be noted that Section 53A provides the proposed purchaser with a shield against the seller and prevents the seller from disrupting the purchaser`s property, but it does not cured the buyer`s property. The property`s ownership remains in the hands of the seller. This means the absolute transfer of material by the seller to the buyer by entering into a sales contract in which both parties govern the terms of the transfer. Such a transfer can be made by the registered document and, therefore, the delivery of the property can be made by transfer from the actual property to the property by the seller to the buyer or the person authorized by law. In the case of a land sale, all legal rights, i.e.: