Sale of Land - S.No. 148/1, Padappai

About the 110 kV line roughly 490 m from the plot:

• What matters: where the towers and the line corridor actually run. On the power line map the line is far outside its clearance from this plot, but the map is not a survey.
• What to ask for: a letter from TANTRANSCO, the state transmission utility, confirming the alignment and that no tower or line corridor lies on S.No. 148/1.
• In the agreement: make that letter a condition the seller meets before the sale deed is registered.

On the records so far this is a low-risk point, not a reason to stop the deal.

Here are the recommended key clauses for the Agreement for Sale:

1. Sale Consideration: Rs. 2,10,00,000 for the whole of S.No. 148/1, Padappai Village, patta 541, 9 ares (about 9,688 sq.ft) of dry land.
2. Advance: Rs. 21,00,000 by RTGS on the day the agreement is registered.
3. Balance: Rs. 1,89,00,000 at the registration of the sale deed, within 60 days of the agreement.
4. Registering the agreement: compulsory in Tamil Nadu. Stamp duty Rs. 200 and a registration fee of 1% of the advance (Rs. 21,000), as long as possession is not given under it.
5. Seller's Obligations:
   • Obtain the TANTRANSCO letter on the line alignment before the sale deed is registered
   • Pay the land revenue (kist) up to date
   • Hand over the original title deeds on the day of the sale deed
   • Execute and register the sale deed in the buyer's favour
6. Buyer's Obligations:
   • Pay the balance at the registration of the sale deed
   • Bear the stamp duty (7%) and registration fee (2%) on the sale deed, on the higher of the price and the guideline value: Rs. 14,70,000 and Rs. 4,20,000 at this price
   • Deduct tax at source where the income-tax law requires it (1% at this price, unless the land is rural agricultural land; the advocate to confirm)
7. Default Clause: If the seller defaults, the advance is refunded with an equal sum as damages. If the buyer defaults, the seller may forfeit the advance as earnest money.

I have proposed the line clearance condition as a term below. Confirm it and it goes to every party for a vote.

Here is a milestone for it. Confirm it and it is added to the timeline for everyone.