(1) A promoter or builder shall on payment of the amount due by a purchaser or lessee in respect of the price of the apartment, execute and register a proper conveyance of the apartment in accordance with the agreement executed under this Act after • discharging all encumbrances including the liability, if any, under the Assam Value Added Tax Act, 2003, and give possession of the apartment to the transferee.
(2). The Registering Authority shall not register any such instrument of transfer unless the promoter produces the relevant documents in support of non-encumbrance or payment of tax etc. in respect of the apartment.
Assam Act No.
8 of 2005 2116 THE ASSAM GAZETTE, EXTRAORDINARY, OCTOBER 8, 2007
(3) The promoter or builder shall be solely responsible for transfer or of title of land of the Association / Society of the Apartment Owners immediately after saie of 60% of the flats. The right over the land as the builder or promoter shall cease to exist immediately after selling off 60% of the flats. No promoter or builder can carry out any business of profit by establishing business establishment in the common areas after selling off 60% of the flats.
Act to be binding on Apartment owners, tenants etc.