Notarization has no legal value but you must understand that these notaries and registrars work on the theory of reciprocal benefits. An agreement for sale can be registered directly in the office of sub-registrar without it being notarized. A document that’s legally binding can be upheld in court. Any agreement that two parties make can be legally enforced, whether it’s written or verbal. … Getting the contract notarized proves each party signed the document (since no one can claim their signature was forged). The document has the notary’s mark and seal. Notarial Affidavits denotes verification of person making a legal declaration. It is used as a documentary evidence before the Court of Law. However a specific declaration before any concerned authority like LIC, Bank or any govt office is valid for a period of six months from the date of swearing in. Notarization has a legal impact on the contract as it converts a private document to a public instrument. Agreements on the contract are enforceable once the document is notarized because it is a strong proof of the document’s authenticity. A legally-binding document is simply one that establishes an agreement between two parties, entailing that certain actions are either required or restricted. An example of a basic contract is one between a real estate agency and a seller. … A document that is legally binding is one that can be enforced by a court.
Reference: Transfer Of Property Act, 1882