Home |Land Records | Can I terminate the property agreement after registration? What happens to the stamp duty, registration, TDS, and bank loan disbursed so far? How much penalty do I have to bear?

Can I terminate the property agreement after registration? What happens to the stamp duty, registration, TDS, and bank loan disbursed so far? How much penalty do I have to bear?

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PGN Property Management, Real Estate & Documentation Consultant with 21+ years of experience verified
Answered on April 03,2021

SALE AGREEMENT: One can cancel the sale agreement even after registration if vendor is not fulfilled the terms & conditions or any other unexpected circumstances. Simultaneously cancel the loan disbursement.

SALE DEED: Once the sale deed is registered, you are the legal owner of property. Sale deed cannot be canceled except through civil court order. Government charges of stamp duty, registration, and TDS are forfeited.

It is even more complicated if you purchased the property on loan, loan processing fees, admin charges, and MOD changes are wasted. However, you can quickly find the buyer for your property and convey the loan from you to new buyer.

Or sell your property with or without margin to evade from bank loan EMI.

We provide consultation, to opt for our service, please Whatsapp to 9 7 4 2 4 7 9 0 2 0.

Thank you for reading….

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