AGREEMENT TO SELL AGRICULTURAL LAND
- PARTIES AND TRANSACTION
This agreement is made on 1 April 2026 between Harpreet Singh, of House 118, Sector 35-A, Chandigarh, and Aarav Sharma, of House 211, Sector 21, Panchkula.
The agricultural land is situated at House 52, Sector 8, Chandigarh and is further identified by the revenue particulars below.
Seller capacity: Sole owner. Possession when signed: Seller in possession.
- PRICE AND PAYMENT
The total sale consideration is ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only). Earnest/token money is ₹25,00,000 (Rupees Twenty Five Lakh only), leaving balance consideration of ₹2,25,00,000 (Rupees Two Crore Twenty Five Lakh only).
Payment mode: Bank transfer. Payment schedule: ₹25,00,000 on signing; balance on registration after title conditions are satisfied..
Tax withholding: Buyer will deduct and deposit tax where the applicable income-tax provision requires it.
- TITLE, DOCUMENTS AND DILIGENCE
Seller relies on the following title/allotment/conveyance record: Sale Deed no. 1842 dated 12 June 2018, Chandigarh.
Diligence position: Buyer will complete title diligence before the stated diligence deadline. Objections should be raised by 2 April 2026.
Encumbrance covenant: Seller will convey free from undisclosed mortgages, charges, liens and third-party rights.
Dues: Seller clears dues attributable to the period before completion.
- REVENUE IDENTIFICATION
Revenue particulars: Village Manakpur, Hadbast 82, Khewat 114, Khatauni 176, Khasra 22//4/2, area 4 kanal 8 marla.. Land nature/use: Agricultural cultivation. Cultivation/possession: Seller in self-cultivation..
Tenant/cultivator position: Seller states there is no agricultural tenant/cultivator claiming independent rights.
Revenue-record condition: Seller will provide current jamabandi/record-of-rights and mutation chain before completion.
- ACCESS, ACQUISITION AND USE
Access: Direct recorded/public access available.
Acquisition/restriction notices: Seller states no acquisition/land-pooling notice has been received for the stated land.
Land-use reliance: Buyer purchases on existing agricultural-use basis without seller promise of conversion.
- CROPS AND TREES
Standing crop/tree allocation: Standing crop belongs to seller until the stated harvest date. Details: Wheat crop to be harvested by seller by 10 April 2027.
- MEASUREMENT AND POSSESSION
The buyer may verify area, boundaries, approach and possession against current revenue records before completion. A material discrepancy must be resolved in writing rather than assumed from broker/site description.
- COMPLETION AND CONVEYANCE
The parties will complete the sale and execute/register the required conveyance by 3 April 2026, subject to the conditions stated in this agreement.
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.
- DEFAULT AND REMEDIES
Buyer default: Seller may terminate and claim reasonable compensation subject to law and the stated earnest-money clause. Seller default: Buyer may seek refund with agreed lawful compensation or pursue available contractual remedies.