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Cancel registered flat

Last updated: July 7 2009
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  • Cancel registered flat

    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.
  • #2

    #2

    Re : Cancel registered flat

    Originally posted by Reshma_4287 View Post
    1.How to cancel the registration?
    2.Will I get the refund of the amount from govt?
    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.

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    • #3

      #3

      Re : Cancel registered flat

      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.
      Last edited July 8 2009, 08:52 AM.

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