A sale agreement is a contract to sell a property in the future. The terms and conditions under which the property in question will be transferred are specified in this agreement.
There are two charges with regards to a sale deed, which may vary from every state to state:
i. Stamp Duty
ii. Registration Charges
A sale agreement is a guarantee that the property will be transferred to the rightful owner in the future, but a sale deed is the actual transfer of property title to the buyer. Before a Sale Deed can be completed, a Sale Agreement must be written.
An unregistered sale deed cannot be submitted as evidence in Court. In case any dispute arises with regard to the property ownership, rights, liabilities or obligations, sale deed would not be allowed to be presented as evidence. As a consequence, the court may not recognize you as the rightful owner of the property.
