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of <h1>Written agreement required 4 months before high-value property transfer under specified rules, with strict submission and correction timelines</h1> No transfer of immovable property exceeding a prescribed value in certain areas shall occur unless an agreement for transfer is executed in writing between the transferor and transferee at least four months prior to the intended transfer date. This agreement must be documented in a prescribed form, include specified particulars, be verified accordingly, and submitted to the appropriate authority within the prescribed timeframe. If the submitted statement is found defective, the authority may notify the parties to rectify the defect within fifteen days or an extended period at its discretion. Failure to rectify renders the statement as never furnished, preventing the transfer. These provisions override other laws related to property transfer.
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