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    Aged About 91 Years, S/o. Late Vackayil Krishna

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    Venkatesh W
    This document is an agreement of sale between Mr. VKG Nair, aged 91, and Mr. Ashwan Rag, aged 27. Mr. Nair owns an apartment and undivided land share in a property known as "VICTORIA II" in Bangalore, which is described in detail in Schedules A, B, and C of the agreement. Mr. Rag agrees to purchase the property described in Schedules B and C for a total consideration of Rs. 60,00,000. Mr. Rag has already paid Rs. 5,00,000 and agrees to pay another Rs. 5,00,000 within a month. Mr. Nair will deliver possession and original title deeds to Mr.

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    Aged About 91 Years, S/o. Late Vackayil Krishna

    Uploaded by

    Venkatesh W
    81 views5 pages
    This document is an agreement of sale between Mr. VKG Nair, aged 91, and Mr. Ashwan Rag, aged 27. Mr. Nair owns an apartment and undivided land share in a property known as "VICTORIA II" in Bangalore, which is described in detail in Schedules A, B, and C of the agreement. Mr. Rag agrees to purchase the property described in Schedules B and C for a total consideration of Rs. 60,00,000. Mr. Rag has already paid Rs. 5,00,000 and agrees to pay another Rs. 5,00,000 within a month. Mr. Nair will deliver possession and original title deeds to Mr.

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    This document is an agreement of sale between Mr. VKG Nair, aged 91, and Mr. Ashwan Rag, aged 27. Mr. Nair owns an apartment and undivided land share in a property known as "VICTORIA II" in Bangalore, which is described in detail in Schedules A, B, and C of the agreement. Mr. Rag agrees to purchase the property described in Schedules B and C for a total consideration of Rs. 60,00,000. Mr. Rag has already paid Rs. 5,00,000 and agrees to pay another Rs. 5,00,000 within a month. Mr. Nair will deliver possession and original title deeds to Mr.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    81 views5 pages

    Aged About 91 Years, S/o. Late Vackayil Krishna

    Uploaded by

    Venkatesh W
    This document is an agreement of sale between Mr. VKG Nair, aged 91, and Mr. Ashwan Rag, aged 27. Mr. Nair owns an apartment and undivided land share in a property known as "VICTORIA II" in Bangalore, which is described in detail in Schedules A, B, and C of the agreement. Mr. Rag agrees to purchase the property described in Schedules B and C for a total consideration of Rs. 60,00,000. Mr. Rag has already paid Rs. 5,00,000 and agrees to pay another Rs. 5,00,000 within a month. Mr. Nair will deliver possession and original title deeds to Mr.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 5

    BY AND BETWEEN

    1. Mr. VKG NAIR


    Aged about 91 years,
    S/o. Late Vackayil Krishna
    PAN No: ADVP 193
    Residing at Chepstow Rise, Park Hill, Croydon, CRO SLX, United
    Kingdom.

    HereinafteF referred to as the "VENDOR" (which terms shall mean and


    include their heirs, executor, administrators, legal representatives,
    assigns and nominees) of the ONE PART,
    IN FAVOMR OF:
    1. Plr. ASHWAN RAg
    Aged about 27 years,
    S/o. Nr. Babu rpj Narakatt,
    PAN No: BLHP H

    Residing at Floor, Khirki Ext, Near Green field school,


    Plalviya Nagar, SOuth Delhi. Delhi - 110017.

    HereinaRer referred to as the "PURCHASER" (which terms shall mean


    and include their heirs, executors, administrators, legal
    representatives, assigns and nominees) of the OTHER PART:

    WITNESSETH AS FOLLOWS:
    Whereas, the Vendor herein is the absolute owners of the
    Immovable Property Apartment bearing No. hon the Second Floor
    together with one covered car parking space of the multistoried
    Enclave known as "VICTORIA Iz" which has super built up area of
    1204 square feet together with 523 Sq. R. undivided share, right,
    title and interest in the composite property being the converted
    land bearing Municipal No. 314/8, situated in Pat:el Rama Reddy Road,
    Layout, Division -72,
    Bangalore -560071, more particularly mentioned and described in the
    Schedule hereunder written, which for the sake of brevity shall
    hereinafter collectively be referred to as "SCHEDuLE PROPERTY".
    (the composite property is more fully described in Schedule A of this
    Agreement. The commensurate undivided land share is more fully
    described in Schedule B. The properties that are agreed to be sold under
    this Agreement is more fully described in edule C).

    Page 2 of 7
    11. The VENDOR undertake to produce upto date property tax
    and any other relevant documents for the purpose of registration of
    the conveyance deed as demanded by the Sub Registrar and
    also undertakes to produce all the original documents at the time of
    Registration.

    12. The VENOOR shall deliver the vacant possession and all the
    original title deeds of the Schedule Property of the PURCHASER
    after payment of balance sale consideration amount and at the time
    of registration and execution of the Sale Deed.

    13. The parties herein shall mutually co-operate in smooth


    implementation of the terms and conditions of this Agreement of
    Sale.

    All that piece and parcel of the residentially converted Properties bearing
    Municipal No. 314/B, Situated at Patel Rama Reddy road, Domlur
    Layout, Division No. 72, Bangalore -560071. Pleasuring on the east
    199.3 feet, West 172.3 feet, North 115 feet and south 112 feet, totally
    measuring 20,804 square feet and bounded on, ”

    East by : Property belong to K R Krishna Reddy


    West by : Remaining portion of Sy.No.74/2
    North by : Road
    South by : Remaining portion of Sy.No.74/2

    523 Sq. 't., of undivided right, title and interest and ownership in
    Schedule 'A’ Property.

    All that Residential Apartment bearing No. @BBy- Present BB IP Khatha


    No. 72-8-314a , on the Second Floor in the multistoried Enclave
    known as “VgCTORZA II”, measuring is 5204 Sq.ft. of super built up
    area, inclusive of proportionate share in cdmmon areas such as passages,
    lobbies, lifts, staircases an of common use with one covered
    car parking spaces.
    Whereas, the Vendor purchased the Schedule B and Schedule C Property
    from the developer in title by way of Registered Sale Deed bearing No.
    2001-02, dated 22.03.ZOO2, in Boak-I, in the Office of the Sub
    Registrar, Shivaji Nagar, Bangalore.

    AND WHEREAS VENDOR aIsO applied and obtained the transfer of


    revenue documents and the B8MP Authority has also assigned with new
    l'Lhatha No. 72-8-314/8-to the Schedule C Property. The VENDOR
    have also paid up to date property tax to the said authority in respect of
    the Schedule C Property.
    WHEREAS the VENDOR and PURCHASER hereto discussed the teFms and
    conditions relating to sale and purchase of the Schedule Property as
    hereunder and are entering into this Sale Agreement.

    And whereas, the paKies hereto are desirous of reducing into writing all
    the orally agreed to the terms and conditions.

    NOW THIS SNDMNTURE OF AGREEMENT OF SALE WITNECSETH


    AS FOLLOWS:
    1. That the total consideration for the transfer of Schedule "B" &
    "C" Property is agreed at Rs. 60,00,000/-{Rupees sixty
    Lakhs Only)out of which the PURCHASER will pays mentioned
    below to the VENDOR, before the under mentioned witnesses
    for which sums the VENDOR do hereby acknowledges the
    receipt of the same in the presence of the witnesses signing
    this agreement.

    a. Rs.5,OO,OOO/-{Rupees Five lakh Only} by online account


    transfer, transaction reference No: RRR074 , Dated:
    15/03/2021, Drawn on HDFC Bank, Panchshila park branch in
    favor of f•1r. VKG FAIR

    b. •/‹ /- t Rugaes Five Lakhs Only) by online account


    transfer within a month, from the day of this Agreement of sale
    execution, Drawn on HDFC Bank, Panchshila park branch in
    favor of Nr. VKG NAIR.

    C. The TDS aa per Section 191 ZA of ZT Act,1961 deducted on


    the payment of towards sale consideration and shall be
    deductible from settlement of total sale consideration. In need of
    enabling the Vendor to claim the said TDS amount in their
    discharge of the income tax obligation on sale of the sald
    property, the PURCHASER or PURCHASER‘s Bank is obligated to
    deposit the TDS a the necessary certificate.
    OT4

    ° ”
    • OF
    Page 3 of 7

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