ADDENDUM REVISING THE SALE CONSIDERATION
Harpreet Singh, of House 118, Sector 35-A, Chandigarh, and Aarav Sharma, of House 211, Sector 21, Panchkula, are the parties to this instrument.
Seller contact: +91 98150 12345 / harpreet@example.com. Buyer contact: +91 98765 43210 / aarav@example.com.
- ORIGINAL AGREEMENT
The parties refer to Agreement to Sell dated 01 August 2026 for House 52, Sector 8, Chandigarh. This addendum is executed on 1 April 2026.
- REVISED PRICE
Original sale consideration: ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only). Revised sale consideration: ₹2,45,00,000 (Rupees Two Crore Forty Five Lakh only). Amount already paid/credited: ₹25,00,000 (Rupees Twenty Five Lakh only). Revised balance: ₹2,20,00,000 (Rupees Two Crore Twenty Lakh only).
Reason: Post-diligence negotiated adjustment. Details: Buyer accepted roof repair responsibility in exchange for ₹5,00,000 price reduction..
- PAYMENT EFFECT
Payment schedule effect: Only final balance changes; existing milestone dates remain.
Earnest money: Earnest money remains credited toward revised consideration.
- TAX/STAMP VALUE
Parties will independently comply with stamp, withholding and tax valuation rules despite the negotiated price. A private price revision does not by itself determine the value on which a statute requires stamp duty, withholding or another tax calculation.
- CONTINUING TERMS
All non-price terms remain unchanged.
Section 54 of the Transfer of Property Act, 1882 treats a contract for sale as an agreement that a sale will take place on settled terms; the contract does not by itself create an interest in or charge on the property. The final transfer of ownership must occur through the legally required conveyance/registered instrument.