# The Assam Apartments (Construction and Transfer of Ownership) Act, 2006, Section 24

- Act: The Assam Apartments (Construction and Transfer of Ownership) Act, 2006 (Act 21 of 2007)
- Source URL: https://indiacode.ecourtsindia.com/assam-apartments-construction-transfer-ownership-act-2006/section/24/

## Text

(1) Not withstanding anything contained in any other law for the time being in force, a promoter or a builder who intends to transfer any apartment shall before accepting any changes from an intending transferee as advance payment or deposit, enter into a written agreement for sale with such transferee which shall be registered.under clause (b) of sub-section(1) of section 17 of the Registration Act, 1908. (2) On completion of the apartment building the promoter or builder of apartment shall execute a registered deed of sale in favour of transferee as per provision of Registration Act,1908. The execution and registration of the sale deed to be completed in such a manner and within a period as may be prescribed, from the date of handing over possession of the apartment to the transferee and full sum of consideration amount is received by the promoter/ builder. The transferor and transferee are bound to . quote the value in the sale deed as fixed by Competent Authority as per Assam Public Works Department Schedule of Rates. Central Act. 16 of 1908 No additions or alterations after disclosure of plans etc.

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