INDEMNITY FOR DELAYED REGISTRATION
Indemnity date: 2 April 2026
Seller: Harpreet Singh, Sector 35, Chandigarh. Buyer: Aarav Sharma, Sector 21, Panchkula. Property: Plot 118, Sector 35-A, Chandigarh (Plot/land), Residential plot measuring 500 square yards..
Underlying instrument: Sale deed executed 15 September 2026. Execution date: 1 April 2026. Expected registration: 2 April 2026.
Delay reason: Sub-Registrar appointment or administrative delay. Details: Bank release letter expected within 7 days..
Consideration already paid: ₹50,00,000 (Rupees Fifty Lakh only). Possession: Seller retains possession until registration.
Risk allocation: Seller indemnifies buyer against seller-caused loss from failure or refusal to present and complete registration.
Registration commitment: Parties will present the instrument within the section 23 period.
The parties acknowledge that this indemnity does not replace compulsory registration or extend statutory presentation periods by contract.
EXECUTION
______________________________
Signature
Indemnifier: Harpreet Singh
Place: ____________________
Date: 2 April 2026
______________________________
Signature
Beneficiary or acknowledging party: Aarav Sharma
Place: ____________________
Date: 2 April 2026
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to record the temporary registration delay, cooperation commitment and agreed indemnity allocation, communicate about that purpose, verify expressly supplied information, complete the property transaction or filing, and retain an evidentiary record.
The record will be held by Kagaznama and may be shown only to the buyer, seller, authorised broker, advocate, bank, registering authority, revenue authority, society/developer, tax authority or other person directly involved in the stated transaction.
If the transaction does not proceed, the personal data will be retained for 90 days from that decision and then erased. If it proceeds, the record will be retained for the transaction plus 12 months, except for a record that a statute requires to be kept for a longer named period.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to privacy@example.com. The record-holder should acknowledge and respond within 30 days.
Data minimisation: this document does not require a full Aadhaar number, Aadhaar-card copy, passwords or bank credentials unless a separate lawful verification or payment process specifically requires them.