Sale Deed

SALE DEED FORMAT

A sale deed is created by the parties to the sale of a property to finalize the purchase agreement as a part of possession being transferred to the buyer. The sale agreement is made with the objective of laying down all the term and conditions to be followed in processing the sale while a deed of sale is a document created to execute the final purchasing.

Panomics Legal Mentors is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to a deed of sale, gift deed, will, legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services.

Get a Free consultation for Sale deed with Our Top Rated Experts with a simple registration.

WHY CHOOSE Panomics Legal Mentors for Sale Deed Format?

This organization comprises of expert legal professionals, who use their expertise will draft your deed of sale shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your deed that shall effectively describe the relationship between the parties and property as well as avoid confusions or difficulties in the future. Moreover, our assistance shall follow you at the processing of registration as well.

ADVANTAGES OF SALE DEED FORMAT

Avoid fraud: – the registration of a deed sales allows the authorities to keep a check on the fraudulent transaction of properties.

Creates evidence: – the registration document has an evidentiary value that would prove the title of the document before any court of law.

Establishes title: – the title of the property will be established properly.

Easy taxation: – the amount cost involved in the transfer of property can be accurately determined which allows the process of taxation much easier.

CONTENTS OF SALE DEED FORMAT

  1. NAME AND DETAILS OF PARTIES.
  2. PAN NUMBER OF BUYER AND SELLER.
  3. PHOTOGRAPH OF PARTIES.
  4. TAX LIABILITY.
  5. CONSIDERATION.
  6. REPRESENTATIONS AND WARRANTIES.
  7. FREE FROM ENCUMBRANCES.
  8. ABSOLUTE/PARTIAL RIGHT.
  9. PAYMENT OF STAMP DUTIES AND REGISTRATION FEE DETAILS.
  10. NAME OF PERSON PAYING STAMP DUTY.
  11. INDEMNITY.
  12. DISPUTE RESOLUTION.
  13. GOVERNING LAW.
  14. DESCRIPTION AND SCHEDULE OF PROPERTY.
  15. TWO WITNESSES DETAILS.
  16. SIGNATURE OF PARTIES AND WITNESSES.

PROCESS OF SALE DEED

1. DRAFTING: The deed of sale has to be drafted with the help of legal professionals who knows to incorporate every valid detail. The deed contains information like who sell the property to whom, the description of the property, date of transfer, etc.

2. APPLICATION TO SUB-REGISTRAR: The parties must apply to sub-registrar to register the deed of sale and most registration offices will provide a token to appear on a certain date and time.

3. APPEARANCE: The parties to the sale along with two witnesses and ID cards must appear before the registrar for verification.

4. VERIFICATION: The registrar will verify the deed of sale and the requirement of stamp duties and registration fee. In case the stamp duty is not sufficiently paid the registrar can reject the registration of the deed.

3. REGISTRATION: The registered deed will be issued within a few days and the time is taken and procedure to issue the deed will vary depending on the jurisdiction of the office.