Q. Validity of unregistered sale agreement

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posted 5 months ago

Q.Validity of unregistered sale agreement
I sold a agriculture land to a real estate broker on 15/12/2017, he paid advance money and made un registered agreement that balance will be payable in next 6month I.e upto 30/6/2018., and in the agreement he mentioned if he unable to pay within 6month he will pay interest @12% pa. and in the mean while he converted that agricultural land into plots..but till now (7/04/2019) he didn't full fill the promise,,he didn't give balance payment and he is not responding well and not ready to give balance payment..what I have to do now? Now land value also increased. I have used the advance given by that person to purchase another land. Now I don't have money to refund him the advance.please give me some suggestions. Thanks in advance

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 5 months ago

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A. ) Dear Sir,
Every agreement registered or unregistered have three years limitation period irrespective of time limit mentioned in the agreement.

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