Reshma_4287

Hi,
I have done the registration of flat in mumbai in the month of Jan 09.
However due to certain personal problem I am not able to pay for it.
now I want to cancel the registration.
I have paid Rs.77000 for stamp duty and registration.
please advice me.
1.How to cancel the registration?
2.Will I get the refund of the amount from govt?

Reply immediately.
Thanks in advance.

hitmady

An under-construction flat with conveyance-deed can be cancelled by submitting cancellation-deed signed by both the parties at registrar office.
Pls refer terms related to cancellation of flat in the agreement.

Stamp duty and be refunded deducting 10% of stampduty as cancellation charged (if builder is not able to give possession within agreed time-frame).

If it is a sale-deed then not sure if it can be cancelld. Pls refer it to an advocate.

hitmady

Hi Reshma

Is it sale-deed or conveyance deed?

An registered under-construction flat (which has conveyance-deed) can be cancelled.
1) If the builder is not able to give possession within stipulated time-frame.
2) Both parties agree to cancel the agreement.
Normally an agreement can be cancelled within 6 months. For under-construction flat it can be > 6 months.
Pls refer the agreement for cancellation related clauses or refer an advocate.

In pune 10% of stamp duty is deductible as cancellation charges and remaining is refundable.
Remember registration fees are non-refundable.