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Any Advocates here? Someone has promised to build me a property on land that's in my name, as compensation for something wrong he did to me. He has agreed to sign a legal document for this. I should get a promissory note from him right? if so, will a Rs.100 stamp paper make this legally valid, or does it need to be a stamp paper of value that's a percentage of the property to be built? I really just want to valid document to hold him accountable but without spending. I'm tired and depressed.
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A promissory note is a financial document which is executed when there is an underlying loan transaction or exchange of money. In your situation it seems like he is constructing your property because of some private issue between you both. A promissory note may not be the best way forward. Please seek appropriate legal advice.
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