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.