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[Haseebakhtar591]

I am buying a house, the market value of the house is one crore eight lakhs, from which I am taking a loan of fifty lakhs, I am giving it for fifty eight lakhs, the government value of the house is 28 lakhs, the bank will pay 50 lakhs through cheque, out of which I will pay 28 lakhs through cheque, but… the home seller said that he cannot take 78 lakhs in the bank account, I told this to my advocate, he said that from the loan amount of 50 lakhs, get 28 lakhs registered, say 22 lakhs for construction, get a separate cheque made, I doubt that the bank will give the white amount, it will be right to hand over the remaining cash

 

[nikhilchauhan]

This is an important point to clarify, and it’s good that you are checking before moving forward.

Banks will only disburse the loan amount that corresponds to the government-approved valuation and what is recorded in the sale agreement. If the government valuation is ₹28 lakhs and the bank is disbursing ₹50 lakhs, they will issue cheques strictly as per the documentation you provide. They cannot legally issue part of the loan as an unrecorded or “white” amount.

If the seller is asking you to take a cheque for the registered value (₹28 lakhs) and then give the remaining amount in cash, this puts you at risk. Cash payments outside the sale agreement are not legally protected, and you may face issues later with taxation, proof of payment, and ownership disputes.

The safest approach is to register the property at the actual selling price and make all payments through traceable methods. This protects you legally and avoids complications with the bank.