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It is the most important document that legally reports the proof for the buyer and seller. It is an essential document for both the buyer or the transferee and the seller or the transferor. The purchase or sale of the property is not legally complete until a sale deed is signed between the buyer and the seller. Normally, a sale deed is signed only after both the parties are satisfied and comply with the terms and conditions.
(1) Sale deed is a legal document that provides legal recognition for the sale transaction.
(2) It clearly states the rights and obligations of the buyer and seller.
(3) It also states the description of the property.
(4) In case of any dispute, a registered sale deed can be used as evidence.
(1) The value of the property based on the circle rate should be estimated. Circle rate is the minimum value set by the revenue department of the State Government or by the local development authorities at which the sale of a property can occurs in that particular area
(2) After calculating the circle rate, the actual circle rates of that particular area, and the price paid for the property will be compared. While the calculation of the stamp duty is done, the higher of the two values should be considered. After that a non-judicial stamp paper of the estimated cost is required to be purchased by the parties
(3) Subsequently, the Sale Deed is prepared and typed on the stamp papers
(4) the parties should approach the office of the Sub-Registrar to get the Registration of the Sale Deed
(5) There is a requirement of two witnesses along with the parties
(1) Sale Deed Draft.
(2) Power of Attorney.
(3) No Objection Certificate.
(4) Duplicate Copy of Building Plan.
(5) Allotment Letter.
(1) What is Sale Deed?
(2) What are the consideration of the sale?
(3) What if the property is disputed?
(4) What if the property is on mortage?
(5) Is it possible to sell property with no original sale deed?
