Can an agreement to sell for a builder’s plot in Mohali, Punjab, notarized in Chandigarh, be considered valid? The buyer and seller are both from Haryana and the same document was used by a bank to grant a loan. The builder has also transferred the plot to the buyer as the seller’s nominee and legal heir. Is this legally sound?

Yes, the agreement to sell notarized in Chandigarh is valid as notarization adds authenticity. However, the transfer of the plot as nominee and legal heir may not be legally sound. Indian law requires a registered sale deed for property transfer, and the bank’s loan approval based on the agreement alone might not be sufficient for legal title transfer.