AGREEMENT FOR SALE
This deed of agreement for sale executed at Chennai on this the __________________________ day of August __________________________
BETWEEN
Mr. ______________________________, wife of ______________________________ (Aadhaar No), (PAN No.) aged ___ years, residing at ______________________________ hereinafter referred to as the VENDOR which term shall been and include wherever the context so requires or permit her heirs, legal representatives, executors, administrators, nominees and assigns of the ONE PART.
AND
Mr. ______________________________, Son of ______________________________ (Aadhaar No. ______________________________) (PAN No. __________________________ ) aged ___ years, residing at ______________________________ hereinafter referred to as the PURCHASER which term shall mean and include wherever the context so requires or permits his legal heirs, legal representatives, executors, administrators, nominees and assigns of the OTHER PART.
The terms VENDOR and PURCHASER wherever the context so appears, shall mean and include them, their respective heirs, executors, administrators and assigns __________________________ as follows :-
WHEREAS the VENDOR herein is the absolute owner of the vacant land bearing Plot No. __________________________ approved layout comprised in __________________________ 54 (part) and 55 (part) as per Patta No: __________________________ new S. No: __________________________ in __________________________ Village, presently __________________________ Taluk, Tiruvallur District in Chennai Metropolitan Development Authority’s approved layout No: __________________________ Lo. No: __________________________ measuring an extent of __________________________ (230.4 sq.meter) (2.30 ares) morefully described in the schedule hereunder as schedule of property.
Whereas the VENDOR is the sole and absolute owner of the schedule mentioned property and she purchased the same fiom the Chennai Metropolitan Co-Operative Housing Society Limited No: __________________________ a Co-op Housing Society Registered under Co-op __________________________ Act of __________________________ and now governed by the Tamil Nadu Co-Operative __________________________ Act __________________________ (Act 30 of __________________________ ) having its office at __________________________
Whereas the VENDOR herein thus became the absolute owner of the schedule property and the VENDOR has been issued with Patta bearing No: __________________________
Whereas the VENDOR is in absolute possession and enjoyment of the schedule property even since the date of purchase.
Whereas the VENDOR has agreed to sell the schedule property morefully described in the schedule hereunder and the PURCHASER has agreed to purchase the same measuring an extent of __________________________ vacant land for a total sale consideration of Rs. __________________________ /- (Rupees __________________________ only) free from all encumbrances.
Whereas the VENDOR and the PURCHASER has mutually agreed to complete the sale transaction of the schedule property on the following terms and conditions.
NOW THIS __________________________ FOR SALE __________________________ THAT
1.In consideration of the above recitals and in consideration of the sum of Rs. __________________________ /- (Rupees __________________________ only) agreed to be paid by the PURCHASER to the VENDOR, the VENDOR hereby agreed to sell to the PURCHASER or his nominee or nominees by way of an absolute sale of all that piece and parcel of the vacant land to an extent of __________________________ comprised in S. No.54 (part) and 55 (part) as per Patta No: __________________________ new __________________________ No: __________________________ Plot No. __________________________ in the __________________________ approved by __________________________ by order No: __________________________ No: __________________________ comprised in __________________________ Village, presently __________________________ Taluk, Tiruvallur District morefully described in the schedule hereunder as schedule of property together with all other rights, previleges, liberties and appurtenances thereto.
2.The PURCHASER has this day paid a sum of Rs. __________________________ /- (Rupees __________________________ only) as advance to the VENDOR in the following manner :-
A cheque bearing No: __________________________ dated __________________________ for a sum of Rs. __________________________ /- (Rupees __________________________ only) drawn on the __________________________ Bank of __________________________ Branch.
3.The PURCHASER agrees to pay the balance sale consideration of a sum of Rs. __________________________ /- (Rupees __________________________ only) at the time of registration of the sale deed. The sale shall be completed within 2 months from the date of signing this sale agreement
4.The VENDOR agree to arrange/sign/execute/furnish all deeds/documents/papers and do all such acts, deed, things which may be necessary in law for better assurance of title to the __________________________ for the property agreed to be conveyed herein.
5.The VENDOR further convents with the __________________________ that the property is free from encumbrances, and loan, prior agreement to sell or any claim, or lis pendens, or acquisition proceeding of State/Central Government and absolute/dispositive/marketable title vests with the VENDOR.
6.The VENDOR hereby covenants that the VENDOR has not entered into any agreement of sale or any arrangement of whatsoever in nature with any other party either herself to sell the property and shall indemnify the __________________________ against the claim by any person or persons claiming to have title in the property or a right to purchase the same or from any other claim made by any other person whatsoever.
7.The VENDOR has also represented that the VENDOR is the absolute owner of the scheduled property and is entitled to enter into this agreement for sale and also execute and register necessary sale deed in favour of the __________________________ for sale of the schedule mentioned property and receive the sale consideration therefore in the manner set out in this agreement. Except the VENDOR, no other person has any title, interest, manner or right whatsoever over the schedule mentioned property.
8.The VENDOR has represented that she has not received any notice under any act from any person or bank or authority so as to affect the sale of the schedule property. The VENDOR has represented that the schedule property is not the subject of any Arbitration or Conciliation proceedings, and there is no court order that would affect the sale of the schedule property to the __________________________ in any manner.
9.The VENDOR has represented that no notice has been received under the securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act or Ordinance and that there is no scope for the schedule property being proceeded against, by any bank or institution. The schedule property is not a financial asset or secured asset with any bank institution. There is no scope for taking possession or custody of the schedule property by any bank or institution and there is no priority or charge in favour of any workman of the VENDOR.
10.The VENDOR agreed to execute and register all necessary documents, sale deeds, rectification deeds, ratification deeds, declarations, affidavits and undertakings and all other papers and forms as may be required by the __________________________ for the sale of the property in favour of the __________________________ for better assuring the title of the __________________________ after schedule property the sale has been effected.
11.The VENDOR agrees to execute and register necessary receipts for all payments made by the __________________________
12.The parties may be mutual consent alter, modify or change the terms of this agreement by exchange of communication in writing.
SCHEDULE OF PROPERTY
All that piece and parcel of the vacant house site land in Plot No. __________________________ in __________________________ approved layout __________________________ approved layout No: __________________________ Lo. No: __________________________ to an extent of __________________________ Sq,ft (230.4 sq.meter) comprised in S. No.54 (part) and 55 (part) as per patta No: __________________________ new __________________________ No: __________________________ at __________________________ Village presently __________________________ Taluk, Tiruvallur District.
Bounded on the
North : 12.0 meters (__________________________ feet)
South : 12.0 meters (__________________________ feet)
East : 19.0 meters (__________________________ feet)
West : 19.4 meters (63 ½ feet)
In all measuring 230.4 sq.meter (__________________________ sq.ft) vacant land situated within the registration district of Chennai South and Sub Registration District of Joint-II, __________________________
Market value of the land is Rs. __________________________ /- There is no building in the site.
In witnesses whereof the parties hereinto set their hands and signature on the day, month and year first above written in the presence of
Purchaser Vendor
Witnesses
__________________________ __________________________
__________________________ __________________________
WITNESSES:
1.
Name, address and signature
2.
Name, address and signature
