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Sale Deed

A sale deed is a legal document that showcases the transfer of title, rights, and ownership of a property from a seller to a buyer.

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 agreement is signed between the buyer and the seller. Normally, a sale deed agreement is signed only after both the parties are satisfied and comply with the terms and conditions.

Advantages of a Sale Deed

Protects Parties

The deed protects the rights of both the buyer and the seller. A specific, well-drafted deed will avoid ambiguity and minimise legal risks.

Defines The Area

For the buyer, a key advantage is having a well-defined description of the property being purchased, including the square footage and the location.

A few additional benefits of a sale deed are as follows:

  • As a sale deed form concludes the sale into a legal document, it is enforceable by the law
  • A sale deed reduces troubles as all money due can be specified in the document. This makes the sale process more stable and comfortableAdditionally, it assures that your property is not taken for granted, given the existence of a registered and stamped legal document.

Requirements of a Sale Deed

  • The sale deed format must specify the name and address of the buyers and the sellers
  • There must be a complete address of the property, and a description of the property should be mentioned
  • The sale price consideration accepted between the buyer and the seller must be specified in the sale deed. That is, the amount which the buyer has to pay on the execution of sale deed must be mentioned in the property sale deed
  • Additionally, if the advance amount is paid already, it must be mentioned in the sale deed
  • The mode of payment must be mentioned
  • The property sale deed must stipulate the time when the title of the property registration will get transferred to the buyer. All the documents related to the property must also be handed over to the buyer
  • Ensure that the title of the property is available from any deviation
  • A sale deed of land is not legally binding unless it is enrolled in the sub-registrar office. Both the buyer and the seller, including the witness, must be there at the registrar's office on the date for the enrollment of the deed
  • The stamp duty and registration charges have to be paid to making the registration.

Documents Required for Drafting Sale Deed Agreement

Sale Deed Charges

The sale deed charges in India depend on the state in which the property is located and the value of the property. Generally, the charges are calculated as a percentage of the value of the property, with the percentage varying from state to state.

It is important to note that the charges may vary based on the location and value of the property, and it is recommended to consult with a lawyer or a property advisor for more accurate information.

To register a sale deed, you can get in touch with LAWgicial Advisor team. Our pricing for sale deed starts at a pocket-friendly price of ₹3999 onwards.