Legal Question in Real Estate Law in India

buying a property

A seller says that he has a property worth 19 lacs on paper and he says that he can make that property available for me with the same amount but with showing less amount on the paper(like 10 lacs instead of 19 lacs )

So what my question is that can the seller do sell this property to me while showing the less amount on the documents?

Please reply as soon as possible can i do this dealing?


Asked on 3/28/07, 11:14 am

1 Answer from Attorneys
Panduranga Acharya J & P Associates, Advocates & Solicitors

Re: buying a property

Dear Sir,

Please verify with the Government Market Value of the property. if the rate of the property he is offering is more than the govenrment value you can proceed with purchase.

Please also consult advocate and take a legal opinion on the title over the property and for encumbranses.

regards,

Panduranga Acharya

0-9886742609

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Answered on 3/30/07, 1:06 am


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