Vehicle sale agreement on 100 Rs Stamp Paper is valid or not?
8 months ago
Dear Sir/Ma'am,
I am selling my car, the buyer has agreed to execute the sale deed on 100 Rs stamp paper and get it notarized.
The issue is, he wishes to pay Rs 1 lac as advance take possession of the card and promises to pay the rest of Rs 2 lac within 1 week.
I don't know the buyer personally and I am afraid that should I hand over the car to him before getting full payment and properly transferring the RC.
Please suggest what should I do.
Thank You.
Regards,
A.Dear client,
Without transferring the RC, you will face serious consequences if an accident occurs. Take his signature on the appropriate forms, which are available online or at the RTO office.
Without transferring the RC, you will face serious consequences if an accident occurs. Take his signature on the appropriate forms, which are available online or at the RTO office.
Helpful
Helpful
Share
A.Dear Sir,
Without transferring the RC they will be heavy risk upon you if untoward accident took place. Better take his signature on prescribed forms available online or with RTO office.
Without transferring the RC they will be heavy risk upon you if untoward accident took place. Better take his signature on prescribed forms available online or with RTO office.
Helpful
Helpful
Share
Read Related Answers
Salary to scheme issue
Dear Client,
In the given scenario, you have to go through the terms and conditions of your appointment letter that governs your relationship with the Company. If the appointment letter is silent on t...
Car owner ship transfer
Dear Sir,
The RC Owner will be held responsible if any accident took place as such it is better to get transfer the vehicle in the name of new purchaser.
SRA property buying
Dear Client,
In the absence of NOC from the authority(SRA) permitting the transfer of SRA property and registration paying the requisite stamp duty, and registration charges, all the transfers done ba...
Illegal termination
Dear Client,
Yes, the step adopted by Sanofi is illegal and unjustified under IDA 1947 for non-compliance with the mandatory provisions of Sec.25F & 25N of the Act. Termination without notice amounts...
Forgery of my signature
Dear Client,
As per Section 463 of the Indian Penal Code, 1860: Whoever makes any false document or false electronic record or part of a document or electronic record, with intent to cause damage or i...
Read Blogs on Sale
Sale Lawyers
Find Lawyers by Location
