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The other requirement of sale is that the transfer of immovable property should be for a price. The price/consideration may be totally paid, promised to be paid in future or party paid and promises to pay the balance in future. Therefore, the actual payment of whole of the price at the time of execution of sale deed is not absolutely essential for completion of the sale. If the buyer doesn’t pay up later, the sale deed cannot be reversed. The only remedy for the seller is to file a suit for recovery of disclosed sale consideration. Hence it is advisable to take the entire amount of sale consideration in advance before the execution of sale deed.
It is compulsory to register sale of an immovable property the price of which is about Rs.100. In the construction of the sale deed, the words used by the vendor cannot be ignored or assumed.
