Hey there, I’ve just agreed to buy an apartment in PCMC for ₹30 lakhs. I’ve already paid ₹6 lakhs and will take a loan for the remaining ₹24 lakhs after the sale deed is done. My question is – can I go ahead with the sale deed after paying stamp duty and registration fees, with only a notarized Memorandum of Understanding (MoU)? All the necessary documents, including the society’s NoC, are ready. Any advice would be great! Thanks.
It is strongly advisable to avoid proceeding with the sale deed based solely on a notarized MoU. Under Indian law, a sale deed is the primary legal document for property transfer. A MoU, even notarized, lacks the legal weight to ensure your ownership rights. Seek legal advice to explore alternative options for securing your interests.
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