Documents required for the purposes of making the sale deed
Agreement to Sell
Passport size photographs
Extracts (7/12 etc.)
Previous sale deed (if any)
Title Search and Report.
A Sale Deed, also popularly known as the Conveyance Deed is drafted at the time of sale of immovable property. A sale deed is a document used for the transfer of ownership from the seller to the buyer. It has multiple usages, one of them being the proof of the transaction.A sale deed contains the following details:
Transfer of property from the seller to the buyer
Price of the property
Time and place of the right to be transferred, and other relevant information
Parties to a sale deed
The buyer and the seller as main parties and two witnesses from both the parties.
What does a Sale Deed prove?
A Sale Deed implies a Valid Proof of Ownership of the property.
What is the execution of a sale deed?
The execution of a sale deed is the last part of the property purchase transaction. A sale deed is executed when the necessary compliances as mentioned in the agreement to sell are met with.
Is registration of a sale deed compulsory?
Yes, an unregistered sale deed will not be admissible as evidence of ownership and also would amount to an incomplete transaction.
The time limit for the purposes of registration of sale deed?
Within four months from the date when the sale deed was executed. Failing which a grace period of further four months upon payment of a penalty is applicable.
At max, 10 times the registration charges by the registrar.
Sale Deed Registration Charges?
The registration charges are 1% of the property or Rs. 30,000 whichever is less. However, it differs from state to state.
Where is the sale deed registered?
The office of the Local SUB-REGISTRAR.
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