What is a sale deed?

A sale deed may be a legal instrument that proves that the vendor has transferred absolutely the ownership of the property to the purchaser. Through this document, the rights and interests in property are acquired by the new owner. a purchase deed usually consists of the subsequent information-

  • Details of the buyers and sellers (name, age and addresses)
  • Property description (total area, details of construction, the precise address and surroundings)
  • Sale amount including advance payment paid also because the mode of payment
  • Time frame when the property title is going to be actually passed to the customer.
  • Actual date of delivery of possession.
  • Indemnity clause (The seller promises to pay the customer for any damages just in case of disputes with reference to the ownership, leading to monetary losses to the buyer)
Sale Deed

How is a sale deed different from a sale agreement?

A sale agreement of immovable property is different from the sale deed for an equivalent property. In simple words, the sale agreement of a property may be a contract stating that a purchase of such property shall happen on the terms as prescribed by the parties. It specifies the terms and conditions, under which the property (to be sold) are going to be transferred.

So, a purchase agreement basically, contains a promise to transfer a property in future, after compliance with specific terms and conditions. It doesn’t develop or establish any rights or interest within the property for the potential buyer.

How to draft a Sale Deed?

STEP 1: Understanding your requirement: Hire a lawyer and discuss your requirements with him/ her.

STEP 2: Drafting: supported your responses, the lawyer will draft the Sale Deed within 3 working days for your review and approval.

STEP 3: Printing of Sale Deed: After you’ve approved the draft of the sale deed, the Sale Deed are going to be printed on a non-judicial stamp paper.

STEP 4: Fixing a meeting with the sub-registrar: The lawyer will make a meeting with the sub-registrar’s office under whose jurisdiction the property is situated.

STEP 5: Registration of Sale Deed: You alongside two witnesses and therefore the lawyer will visit the office of the sub-registrar to sign the document and obtain it registered by paying the registration fees.

STEP 6: Registered Sale Deed: Once the deed is signed and registration charges are paid, the registered sale deed shall be issued by the sub-registrar’s office.

Documents Required for Sale Deed Registration

  • Draft of Sale Deed
  • Power of Attorney, if any
  • Building Plan sanctioned by the Statutory Authority
  • Allotment Letter from the Builder/Co-Operative Society/Housing Board
  • All title documents of the property owner
  • Latest electricity bill & receipt for the said property (in case of resale property)
  • NOC from Apartment Association (in case of resale property)
  • Latest tax paid receipts
  • A Copy of all registered previous agreements (in case of resale property)

What are the advantages of a sale deed?

  • It provides legal recognition for your sale transaction.
  • It clearly lays down the description of the property, the parties, and their rights and obligations.
  • Registered sale deed can be used as evidence in case of any legal dispute.

Need Lawyer for Sale Deed.......

Connect to Pricetoservice

Back to top of page