Sale Deed Drafting Online
Crafting Sale Agreements for Property Transactions
Price:
₹
1999
About
A Sale Deed is a legal document that transfers ownership of a property from the seller to the buyer. Key elements of a sale deed to be included are Names and addresses of the seller and buyer, Description of the property being sold (e.g. address, size, boundaries, etc.), Purchase price and, payment terms, Signature of the seller and buyer, Date of execution, any conditions or restrictions on the use of the property, Statement of warranty by the seller, acknowledging that they have good title to the property and are transferring it to the buyer. It is important to make sure that the sale deed is properly executed, witnessed, and registered with the relevant authorities to ensure its validity and enforceability.
Documents Required
Documents required to register a Sale Deed:
Sale Deed: A properly executed Sale Deed, signed by both the buyer and the seller and witnessed by at least two witnesses.
ID Proofs: Original and photocopies of government-issued ID proofs such as Aadhaar card or passport for both the buyer and the seller.
Proof of Ownership: Proof of ownership of the property, such as the original title deed or previous Sale Deed.
Encumbrance Certificate: A certificate indicating that the property is free from any liabilities or outstanding debts.
NOC (No Objection Certificate) from any mortgagee or lender, if applicable.
Tax Receipts: Receipts for payment of property taxes for the current year.
Proof of Payment: Receipts for payment of stamp duty and registration fees.
Key points to be included in a Sale Deed:
Names and addresses of the seller and buyer.
Description of the property being sold, including its location, size, boundaries, and any rights and restrictions.
Purchase price and payment terms, including the date by which payment must be made and any conditions for payment.
Signature of the seller and buyer, with witnesses if required.
Date of execution.
Any conditions or restrictions on the use of the property, such as zoning regulations or covenants.
Statement of warranty by the seller, acknowledging that they have good title to the property and are transferring it to the buyer.
A clause for resolving disputes through arbitration or mediation, if desired.
A statement indicating that the Sale Deed is governed by Indian law.
Get your Sale Deed draft at just INR 1999/- onwards.
Benefits
Features of a Sale Deed:
Legal Proof of Ownership: A Sale Deed provides legally recognized proof of ownership, allowing the buyer to take possession of the property.
Transfer of Title: A Sale Deed transfers the title of the property from the seller to the buyer, making the latter the legal owner of the property.
Tax Benefits: The transfer of ownership through a Sale Deed is taxed and recorded, providing proof of the transfer for tax purposes.
Clarity of Terms: A Sale Deed clearly outlines the terms and conditions of the sale, including the purchase price, payment terms, and any restrictions on the use of the property.
Protection against Future Disputes: A well-drafted Sale Deed can help prevent future disputes between the buyer and seller, providing a clear and legally binding agreement on the terms of the sale.
Easier to Sell or Rent: A property with a clear and legally recognized title is easier to sell or rent in the future.
In summary, a Sale Deed provides legal proof of ownership, transfers the title of the property, provides tax benefits, and protects against future disputes.
Process
Process of registering a Sale Deed in India:
Verification of Documents: Both the buyer and the seller must present original and photocopies of their ID proofs, such as Aadhaar card or passport, and proof of ownership of the property being sold.
Payment of Stamp Duty and Registration Fees: The buyer must pay the applicable stamp duty and registration fees, which vary by state and depend on the value of the property.
Preparation of Sale Deed: A Sale Deed is prepared and signed by both the buyer and the seller, with at least two witnesses.
Submission of Documents: The Sale Deed, along with the supporting documents and proof of payment, is submitted to the Sub-Registrar's office for registration.
Examination of Documents: The Sub-Registrar will examine the documents and verify the details of the parties involved and the property being sold.
Registration of Sale Deed: Upon successful verification, the Sale Deed will be registered and stamped, and a registration certificate will be issued to the buyer.
Collection of Registered Document: The registered Sale Deed should be collected by the buyer or the seller from the Sub-Registrar's office.
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