I have purchased a property and the vendor has executed the sale deed in favour of me. Kindly enlighten me whether I have to preserve the agreement entered with the vendor as a document along with the sale deed?
- by Jayalaxmi, Bangalore
If the sale consideration and the averments in the agreement and the sale deed are one and the same, you may maintain the agreement as part of the title deed though it is not mandatory.
In case the agreement details are mentioned in the sale deed, it is a must to maintain the sale agreement as a part of the sale deed.
Further, if in the agreement the sale consideration is more than the sale value in the sale deed to get benefit of the stamp duty, you are not supposed to maintain the agreement which is contrary to the sale deed.