Sale Deed Feeb.docx

SALE DEED OF SEMI-FINISHED STAGE FLAT IN VENKATA SAI RESIDENCY APARTMENT FLAT NO.401 IN FOURTH FLOOR OF Rs.8,40,000/This deed of sale is made at tirupati on this 22nd day of july 2011 EXECUTED BY 1. Sri.SAGABALA RAMA MOHAN REDDY, s/o s. Pedda reddy, aged about 52 years, and 2. Smt.s.latha, w/o sagabala rama mohan reddy, aged about 44years, both are residing at door no.16-14/2, muni reddy nagar, muthyalareddy palle panchayat, tirupati-2, tirupati urban mandal, chittoor district, hereinafter referred to as the “land owners” which terms includes of their heirs, representative, executors, administrators and assignees etc., AND SANKRITI INFRA DEVELOPERS, represented by its managing partner sri.c.venkata subba reddy, s/o c.siva reddy, aged about 38years, residing at door no.13-6-600/44/96, peddakapu layout, tirupati town, tirupati urban mandal, chittoor district, hereinafter called as “vendor/builder/developer” of the one part. To and favor of Sri.k.vidyasagar, s/o k.srinivas moorthy, aged about 37 years, residing at door flat no.2, renuka residency, sripuram colony, tirupati urban mandal, chittoor district, hereinafter called the “purchaser/vendee” which terms includes his/her heirs, representative, executors, administrators and assignees etc., of the other part. Whereas the land owner No.1 and 2 are the absolute owners and absolute right holders and possessors of the land admeasuring an extent of 537.77 square yards Land owners: developers:

Situated in sy.no.721/1 of tirupati village accounts and muthyalareddy palle gram panchayath 16th ward muni reddy nagar, tirupati urban ,mandal, chittoor district, more fully described in the A schedule by virtue of the registered sale deeds executed by Sri.PANGURI GOPAL REDDY in their favor a) as on 26th february 2001 as document no.859/2001 infavour of land owner no.1 sri.s.rama mohan reddy and b) as on 15th march 2001 as document no.1137/2001 infavour of land owner no.2 smt.s.latha, repectively in the sub registrar’s office, tirupati. Whereas the land owners intended to construct an apartment of residential flats with building named and style of “venkata sai residency” more particularly described in A-Schedule and the land owners have entered into an agreement with builders to construction of multi stored building the apartment system ground + four upper floors and got the approvals from T.U.D.A. in D.N.B.A. no.312/G2/2009. The ground floor not to construct any construction and completely alloted for vehicle parking area only. Whereas the schedule mentioned flat is in semi-finished possession only and whereas the purchaser offered to purchase a R.C.C flat, which the share of the builder bearing flat no.401, which is situated in the 4th floor more particular described in the C-Schedule and undivided 1/16th share in the land more particular described in the B-Schedule in the said building in the name and style of “VENKATA SAI RESIDENCY” and whereas the land owners & builder have agreed to sell the said flat to the purchaser bearing a R.C.C. flat an extent of 1120 square feet including ommon area bearing flat.no.401 in 4th floor and undivided 1/16th share of land total extent of 537.77 square yards equals to 33.61 square yards for Rs.8,40,000/And whereas the builder by developer has alloted some of the flats in VENKATA SAI RESIDENCY apartments under development basis in lien of his share of development of the enter development out of which the builder by developer agreed to sold the schedule property to the purchaser. And to avoid future litigations. As per the development agreement the consideration with regard to the schedule C Property shall be received by the builder/ developer only. NOW THIS SALE DEED WITNESSES AS FOLLOWS: In pursuance the total sale consideration of Rs.8,40,000/-[ rupees eight lakh and forty thousand only] paid by the purchaser to the developer by way of cash and the receiver whereof is hereby admitted, accepted and acknowledged by the land owners & developer ‘THE LAND OWNERS & DEVELOPERS ABOVE NAMED HEREBY CONVEY, SELL, TRANSFER AND ASSIGN IN FAVOUR OF THE PURCHASER’ free from all encumbrance and all that semi finished stage flat bearing no.401 in 4th floor of “VENKATA SAI RESIDENCY” And admeasurimg 1120 sq.ft including common area described in C Schedule and more particularly set out in the schedule together. A] With proportionate 1/16th undivided share of land admeasuring 33.61 sq.yds out of total land of 537.77sq.yds, described in the A Schedule and more particularly set out in the Schedule B and C given at the foot of this sale deed. B] all other rights, easements, liberties, privileges, appurtenance and all things attached and reputed to attached thereto. C] All the rights to use and enjoy common area and privileges [ as are normally considered to being the flat owners and subject to the rights and obligations of the purchaser as a flat owner and

D] All the estate, title and interest of developer in to the said flats and extent of undivided share hereunder conveyed. 1. The vendor put the purchaser in vacant and physical possession of the said flat more fully described in c-schedule the purchaser shall however discharge and fulfill their obligation as owner of a part of the building namely for the maintenance payment of the rate taxes levies assessed and payable for its portions to the panchayath and other authorities and subject to the terms hereinafter set-out.] The purchaser as a purchaser of a finished portion bearing finished flat no.401 in 4th floor the building named as “VENKATA SAI RESIDENCY” is entitled to the common use and enjoyment of all the 1. Common and particular areas such as passages, landing places, corridors, driveaway, toilets, lifts, motors, staircases, open terrace, stairways, water storage tanks, including overhead tanks and underground slumps, power rooms with all electrical installations etc. perttaining to and situated in the place other than the portions sold and possession delivered to the purchaser for its exclusive use and enjoyment in premises of “VENKATA SAI RESIDENCY”. 2. A] water supply lines and drainage system, B] will share proportionaly the cost of maintenance of common amenities and afeas; C] will one of the member of the welfare association of society once the building is completed the owner of the various portion to the “VENKATA SAI RESIDENCY” for proper management and administration of the affairs relating to the “VENKATA SAI RESIDENCY” premises and to fulfill its obligation as such member by making proportinate payment and contribution as been by law of the said society of association. D] will pay the property taxes/levies and agreement that may be levied/assessed for the portion purchased by its on and from this date. 3. The builders/ developers above named hereby declared assure and represent to the purchaser. A] That the aforesaid property described in the A Schedule set out below being belongs exclusively to land owners. B] That the said property is free form all encumbrance mortgages, charges, claims of demands of whatsoever nature. C] That at the purchaser shall be entitled to hold, possess and enjoy the same peacefully and as its full and absolute owner. D] That all the original title deeds relating to the property described in A Schedule are retained in the possession and custody of the land owners and builders/ developers and certified copies of the said deeds/documents only are furnished to the flat owners for its reference, that land owner will cause production of the original deeds for inspection of the purchaser or its agent at all reasonable times and shall hand over the original documents to the society/association soon after it is formed.

E] That all taxes and assessments, levies etc., due and payable in respect of the said property have been paid upto date. F] That there are no impediments for the said sale and conveyance of the said property is stands in favour of the purchaser; and G] That nothing stated herein is false of untrue. The developer/developer above named hereby agrees and covenant with the purchaser. 4. A] That all the taxes, assessments, levies due and payable in respect of said property to the panchayath of M.R.Palle have been paid upto date, and if any amounts are found outstanding due and payable in respect of the said property he will pay all such sums and the purchaser will not be liable therefore; and B] That if at any time in future it is found that the title of the land owners said property is found defective or any of the representation made herein are found incorrect or untrue and the purchaser is thereby put to suffer any loss of inconvenience and the land ownerd and developers jointly and severally agree and undertake that they will indemnify the purchaser and keep the purchaser indemnified at all time and make good and loss or damages sustained by its [Purchaser] including the costs of the litigation if any. 5. The expression land owners, developer and purchaser where ever they occur herein above shall means and includes unless repugnant of inconsistent to the subject or context not only the persons have above named, but also all their respective executors, administrators, successors interest, legal representatives and assigns. 6. The purchaser shall not cliam the partition of the B Schedule property by bounds in future. 7. The promoters/developers hereby undertakes to keep the land owners. Indemnified against any claim loss or damages whatsoever that may be claimed against them both by the promoter and the purchaser jointly or individually arising out of any breach of any contract between the developers and purchaser as for as the terms and conditions mentioned in the construction agreement. 8. The purchaser should park his vehicles in the common parking area of the flat owners on ownership basis. THE PURCHASER HEREBY COVENANT AS FOLLOWS: 1. The purchaser undertakes to complete the total/remaining part of the construction C Schedule at the cost of the purchaser through the developer here only. 2. The purchaser hereby undertakes that he/she occupy and enjoy the said flat after completion in full shape only. 3. The purchaser shall make the necessary security deposite and that may be due and payable to electricity department, transformer charges drainage connection to panchayath water connection deposists and also pay the regular consumption charges and meet other

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5.

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7. 8.

expenses towards the electricity service connection attached to the apartment and that attached to the general purpose of the transformers. The purchaser shall not be himself/herself without the consent of the other co-owner and owners of apartment newly lay or charge or middle with the exiting drainage pipes, cables, water sources, gutter, bore well, over head tank and common areas and amenities. The purchaser shall not at any time demolish the partment more full described in the schedule hereunder including the common area such as staircase, parking area etc., more fully described in the schedule hereunder and shall not make any additions or alteration and make new construction of any kind whatsoever to the flat/apartment described in the C Schedule referred hereunder or obstruct or close the common verandah and common area. The purchaser shall keep the common area and common amenities in good condition and in the best interest of the all owners or occupiers of all the apartment in the whole building and undertakes to pay water and maintenance charges of the common amenities and even propportionately. The remaining constrction of the flat shll be completed by the developer The purchaser hereby agrees that he shall use the flats for the residential use only and shall not use for any other purpose which may case nuisance or disturbance to the neighboring occupations of the building or for any illegal or immoral purpose. SCHEDULE ‘A’ PROPERTY 1.Property of Sri.S. Rama mohan reddy

Chittoor district, sri balaji registration district, tirupati sub-registration district, tirupati urban mandalam, tirupati revenue village accounts, govt. old Survey No.721, now it was sub-divided into new survey no.721/1. The total extent 11.2 cents, which is located in mutyala reddy palli panchayath, 16th ward named as muni reddy nagar. In the extent, S.Ram mohan reddy purchased admeasuring east-west 61ft or 18.605 mtrs, North-South 40 ft or 12.200 Mtrs is about 2440 sft, or 271.11 sq yards. EAST

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Subbala leelavathamma, subbala nagaraju house.

WEST

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Road

NORTH

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Item No.2 of smt.S.Latha.

SOUTH

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The house of S. Ram mohan reddy bearing door no.16-14/2 house. 2.PROPERTY OF SMT. S. LATHA

Chittoor district, sri balaji registration district, tirupati sub-registration district, tirupati urban mandalam, tirupati revenue village accounts, govt. old survey No.721, now it was sub-divided into new survey No.721/1. The total extent 11.2 cents, which is located in mutyala reddy palli panchayath, 16th ward named as muni reddy nagar, in this extent, S. Latha purchased admeasuring east-west 60ft or 18.300 mtrs., North-South 40ft or 12.200 mtrs., is about 2400 sft or 266.66 sq yards.

EAST

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Subbala leelavathamma, subbala nagaraju house.

WEST

:

Road

NORTH

:

Road

SOUTH

:

item No. 1 of Sri S. Ram mohan reddy,

The total extent of both items are 4840 sft or 537.77 sq.yds., vacant site only. B-SCHEDULE (This property sold by the land owner to the purchaser under this deed) 1/16th undivided share of site in A-Schedule that is an extent of 33.61 Sq.yds., undivided site in the total extent of 537.77 sq.yds, mentioned in the schedule A, pretaining to the portion in the whole buildings VENKATA SAI RESIDENCY. C-SCHEDULE (This property sold by the developer to the purchaser under this deed) All the portion of proposed flat bearing No.401 [ EAST FACING] in the 4th floor admeasuring 1120 sq.ft (including common area) Semi-finished stage situated in the building known as VENKATA SAI RESIDENCY to be constructed in the premises described in A Schedule set out supra located at Muni reddy nagar lay out residential area the vacant lan situated in survey No.721/1 of M.R.Palli Panchayath, tirupati village accounts, tirupati urban mandal, flat bounded on East :

common corridor & open to sky,

West : open to sky, North : Open to sky, South : Open to sky & lift, ANNEXURE – 1A 1. a) Nature of roof

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b) Type of construction :

R.C.C Framed

2. Age of the flat

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--

3. Total site of area

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537.77 sq.yards in which 1/16th share is 33.61 sq.yds.

4. Plinth area

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1120 Sq ft.

5. Average annual rent

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Nil.

6.

Annual Municipal tax

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7.

Undivided proportionate:

8.

Total value

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Not Assessed

Rs.8,40,000/-

This not an assigned property. The property situated in the area of muthyalareddy palle panchayath. In witness whereof the vendor have said their hands up to this sale deed and signed their name at tirupati, on the day, month and year above mentioned.