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How to register agreement for sale if it is already with bank

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How to register agreement for sale if it is already with bank

Last updated: February 26 2019
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  • How to register agreement for sale if it is already with bank

    Hi,



    I have bought an under construction property in West Bengal very recently and I have availed a home loan from SBI. The Agreement for sale which I have submitted to bank is executed without registration.

    First disbursement has already happened from bank on last month. Now the builder wants the Agreement for sale to get registered with 2% of stamp duty. They are saying that - it is a new rule from West Bengal Housing and Infrastucture Departmentment (HIRA) to make Agreement of Sale registration compulsory. But my Agreement for sale is deposited to bank and bank is not going to give it to me anyway now for registration. What should I do? Could anyone please suggest me?

    Is it really mandatory to make this registration of Agreement for Sale? Is that agreement valueless without registration?



    Thanks in advance!



    Manash
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