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TOPIC: GPA PROPERTY VALIDITY??

GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8509

A GPA MADE BY Mr A TO Mr B ON 27/2/1984 where it is stamped with seal of "COURT OF SMALL CAUSES", Bangalore and signed by ADDITIONAL JUDGES on 28/2/1984(execution admitted before me(judges)).Further the land was sold by Mr B(as a Gpa holder)through sale deed to Mrs B(2003)>then to Mr C(2008)>then to Mr D(2012)>then to Mr E(2015).Now it's on sale.Can I buy the property??
Notes:
1)EC & TAX RECIEPT ARE UPTODATE.
2)MR E HAS GOT A LOAN FROM A NATIONALISED BANK FOR 75% of GUIDANCE VALUE ,EVEN THOUGH ITS a B KHATA PROPERTY.
3)MR E HAS DOCUMENTS FROM MOTHER DEED-MR Y sold to MR A THRU SALE DEED.
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8511

Hi Vishal,

I don't see any issue in buying this property. The only issue I might see is that there property is a b khata property. Has it been DC converted?

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Krish
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8513

In mother deed it's registered as 1 gunta 498sft approx or 52.5*30.In further sale deed is registered as 40*30. And it's not DC converted.
But Gpa is not valid so is it valid to buy??
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8514

Generally, no sale should be done through GPS currently. However, if at the time of sale at that time, GPA was valid, then the property could be safe.

However. Please ensure that the documents are right before going through with the purchase.

Thanks and regards,
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8516

1st sale deed-2003
2nd-2008
3rd-2012
4th-2015
So what's your final opinion??
About Gpa validity??
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8517

If GPA was not cancelled till 2003, then it is safe to buy the land on GPA front.
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8519

A GPA MADE BY Mr A TO Mr B ON 27/2/1984 where it is stamped with seal of "COURT OF SMALL CAUSES", Bangalore and signed by ADDITIONAL JUDGES on 28/2/1984(execution admitted before me(judges)).Further the land was sold by Mr B(as a Gpa holder)through sale deed to Mrs B(2003)>then to Mr C(2008)>then to Mr D(2012)>then to Mr E(2015).Now it's on sale.Can I buy the property??
Notes:
1)EC & TAX RECIEPT ARE UPTODATE.
2)MR E HAS GOT A LOAN FROM A NATIONALISED BANK FOR 75% of GUIDANCE VALUE ,EVEN THOUGH ITS a B KHATA PROPERTY.
3)MR E HAS DOCUMENTS FROM MOTHER DEED-MR Y sold to MR A THRU SALE DEED.
(Sent to u earlier)
Thus it isn't cancelled till present day.
But incase if the person who made the Gpa applies for possession ,will Gpa stand for me,as it would be sold 5 times by now??
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GPA PROPERTY VALIDITY?? 6 months 3 weeks ago #8520

That fear is always there. Sale through GPA has been made illegal in current times. Earlier out was used as a popular means of stamp duty evasion. Hence sale through GPA was common and not illegal. However, that risk will continue to exist. The safest way would be to avoid properties sold through GPA.
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