sale-deed

Sale Deed Online Form

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What is a Sale Deed?

Sale Deeds are important legal functionalities that come in form of documents and incorporated between the purchaser and seller. Sale Deeds are executed during property purchasing or real estate transactions. The sides participating in a sale deed are often termed as grantee or grantor pertaining to legal expressions. Sale Deeds include the ownership transference from the seller to the buyer (as per the pre-determined favorable clause) and the purchaser continues to be in the complete possession of the property.

Why you require Sale Deed?

Sale deeds are crucial during any property deals. It is like a right to agreement over the deals that are pre- determined and to be followed by either parties i.e. the buyer and seller. In order to process a sales deal, the documents required are proof of identity of both parties, ownership proof and other important documents. It margins the purchasing rights of the buyer and provides legal rights. Sale deeds are mandatory for establishing property claims. All pending documents such as taxes, electricity/water charges are to be included in the sales deed.

Sale Deed Can Be Made for:

Documents required for sale deed registration

Draft of Sale Deed/Title deed/Conveyance Deed
7/12 extract or RTC (Records of Rights and Tenancy Corps) Khata Certificate and Extracts
Joint development agreement, GPA, & Sharing/supplementary Agreement, between land owner and builder
Power of Attorney if any
Building plan sanctioned by the Statutory Authority
Allotment Letter from the Builder/Co-Operative Society/Housing Board/BDA.
If any loan on the property (Current or past) / Original Property Documents with Bank
Sale agreement with the Seller
All title documents of land owner
A Copy of all registered previous agreements (in case of resale property)
NOC from Apartment Association (in case of resale property)

Types of sale deed

Points of difference	Agreement of sale	Sale deed
Sale deed	It implies the future transfer of the property	It signifies an immediate transfer of the property titles
Risk involved	Risk/liabilities remain with the seller until the property is transferred in future	Risk is immediately transferred to the new buyer
Contract	It is an executory contract. An executory agreement is one which has not been fully implemented	It is an executed contract
Violation	Breach of sale may result in a suit for damages	Sale breach results in a legal complaint as well as monetary compensation for damages
Registration	It is not mandatory to register agreement of sale. However, norms may differ across States	It is mandatory to register a sale deed