Sale Deed Drafting

The sale deed is drafted on a non-judicial stamp paper of value as set by the state government in which the property transaction is taking place



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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.
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 parties, ownership proof and other important documents.

Sale Deed Can Be Made for:
  • Vehicle: Car & Bike
  • Lands: Agricultural, Commercial & Vastu
  • Property: Commercial & Residential
  • House
  • Business
  • 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)

  • 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

    How We Work

    Fill The Form And Make The Payment

    The Draft Will Be Sent To You For Approval

    Draft Will Be Created By Expert Team Of Lawyer

    You Will Get A Call From Our Lawyer

    Advocate Will Receive Entire Information From You

    After Approval You Will Be Able To Download the Deed

    FAQ

    CLICK ON A QUESTION TO SEE THE ANSWAR


    What is a Sale Deed?

    A sale deed is a document via which a seller transfers the rights and interest of a property to the buyer. As a result, the buyer obtains the ownership of the property. A sale deed includes the following details:
    Name and address of the buyer and seller Detailed description of the property
    Total payment to be made, mode of payment, date when the payment is to be made
    Date of handing over of property
    Other terms and conditions of the sale

    Who pays the stamp duty and registration charges? Buyer or Seller?

    According to the law, the buyer needs to pay the stamp duty and registration charges. Anyway, any other arrangement related to the stamp duty and registration charge between buyer and seller can be incorporated in the Deed.

    What are the advantages of a Sale Deed?

    The advantages of sale deed are as follows-
    It provides legal recognition of the transaction of the sale
    It lays down the property description, the parties and their rights and obligation.
    The registered sale deed are used as supporting evidence in case of legal dispute.

    Why is the Sale deed required?

    Sale deed consists of the transfer of property ownership from a vendor to a purchaser. This deed primarily makes the sale complete. In other terms, through this sale deed, the seller transfers the right of ownership to the buyer. After drafting of the documents, they are signed and registered and the ownership is completely transferred to the buyer as per the deal.

    Can a Sale Deed be cancelled?

    Once the document is registered it cant be cancelled. Only a court order can cancel it.

    What if a sale deed is not registered?

    If it is impossible to trace a seller, his legal heirs will be issued a notice to execute the sale deed in their favour. Without a registered sale deed, you cannot acquire a marketable title over the property.

    Can I get a home loan if the original sale deed is missing?

    Bank provides loans based on original documents. It is impossible to acquire loans without these documents. Bank will not provide a home loan against a photocopy of the sale deed. If you lose the sale deed, then you can issue a certified copy issued by the jurisdictional sub registrar. Some banks want to scrutinize the FIR copy, the certificate, which is non traceable, the affidavit presented to the sub registrar. Thus, it is advised that all the documents must be preserved for acquiring a home loan.

    Can anyone apply for a copy of the sale deed?

    A sale deed is usually a public document. Thus, a copy of the deed can be obtained by anybody. In order to obtain a copy, one has to know the significant details like property schedule information, name of the owner of the property, document number. You can get these copies issued by availing online option in states such as Tamil Nadu and Andhra Pradesh.

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