1) sale deed needs to be registered within period of 4 months

2) further period of 4 months is granted on payment of penalty .

3) in your case period of 6 years have passed. no registration can be done after period of 6 years .

4) unless sale deed is registered you dont have clear and marketable title to property .

5) If a deed of transfer, which is compulsorily registerable, is not registered it will not be admissible in evidence under section 49 of registration act

6) dont purchase the property

Well sale certificate without registration within the statutory period of 120 days has no value.

However the bank is surely divested of any interest in the property with the issuance of sale certificate and delivery of possession.

If the bank registers the addendum with contents of the sale certificate then the anomaly may be removed.

Neither the bank nor the debtor has any right , title and interest left in the property and if the addendum is registered you may proceed with the sale.

1. What is the role of the person who had purchased the property from the bank and to whom the bank had delivered the possession?

2. The sale deed had to be registered within 120 days. On the payment of penalty further period of four months is provided.

3. In your case more than 6 years have passed. So the registration cannot take place now.

4. If the bank registers the addendum then alone you can get the title to the property.

5. Since the bank has now issued an addendum the purchaser may maintain a suit for specific performance against the bank.

you have stated that your investment would be more than 4 times of the property and you don't want to land up any complications arising in future pertain to the same.

hence advised you not to purchase the property as sale deed is not registered and it cannot be registered after period of 6 years

consult a local lawyer before taking any decision

1. Where did the Bank make typographical error? Is it in the sale certificate only? Was the schedule of the property correctly typed in the Demand Notice and Possession Notice issued by the Bank u/s13(2) & 13(4) of SARFAESI Act,2002?

2. If there is the said error in sale certificate only and not in the above notices then the addendum is adequate to convey the correct title of the property to you,

3. Please note that IT IS NOT MANDATORY TO REGISTER THE SALE CERTIFICATE ISUED BY THE BANK BUT IS OPTIONAL. Sale Certificate is not Sale Deed, it is a Certificate,

4. Since you are going to use the said property, you can skip registration,

5. If you want to register the said Sale Certificate, the addendum date should be applicable,

6. Contact your local Registration office for the purpose and convince the Registrar who may initially refuse to accept your argument though you have a valid ground.