The sellers agree and declare that the land in question is not affected by any urban planning or other scheme and that no notification of seizure/acquisition has been made so far by the government or the municipal company, or by any other local or public body or authority for the acquisition, seizure, reverse or any other part of the land in question or any other part thereof. Section 54 of the Transfer of Ownership Act provides that the sale of immovable property may be made only by a registered instrument and that a contract of sale does not generate interest or charges for its property. 1. The sellers will be the land with the land number ………. . .