Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Can somebody advice me on the formalities of conveyance deed.

kartikpad · 05-01-08

I have recntly taken posession of a flat in Nasik. This is a new construction in a builders society.I have taken posession but on enquring from the builder for execution of the conveayance deed I was told that this could be done only in mid 2009 after muncipal clearance and completion certificate is recieved. This is because the society comprises of 11 buildings out of which only 2 buildings hve been completed so far, and I have been told that conveyance deed can be executed only after the whole project has been completed. Can somebody advice me if this is a factual position or I am being taken for a ride?Would I be able to sell the flat in the absence of a conveyance deed?

Also when I booked this flat the Agreement for Sale was registered at the Registrar's office and Stamp duty paid 5 percent.Now that I have taken posession , is there any frsh registration that will need to be done. Everyone else that i know who has purchased property always does the registration proceedure after taking posession.

Pls advice me

05-01-08	#1
kartikpad New Member Join Date: Jan 2008 Posts: 5 Thanks: 0 Thanked 0 Times in 0 Posts	Can somebody advice me on the formalities of conveyance deed. I have recntly taken posession of a flat in Nasik. This is a new construction in a builders society.I have taken posession but on enquring from the builder for execution of the conveayance deed I was told that this could be done only in mid 2009 after muncipal clearance and completion certificate is recieved. This is because the society comprises of 11 buildings out of which only 2 buildings hve been completed so far, and I have been told that conveyance deed can be executed only after the whole project has been completed. Can somebody advice me if this is a factual position or I am being taken for a ride?Would I be able to sell the flat in the absence of a conveyance deed? Also when I booked this flat the Agreement for Sale was registered at the Registrar's office and Stamp duty paid 5 percent.Now that I have taken posession , is there any frsh registration that will need to be done. Everyone else that i know who has purchased property always does the registration proceedure after taking posession. Pls advice me