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What is a Sale Deed?

A Sale Deed is a legal document in which the seller transfers his rights, interests, and ownership of a property to the purchaser/buyer, who then becomes the sole and absolute owner of the said property. A Sale Deed is a document that defines the price, terms, and circumstances under which the two parties agreed to sell the property. Prior to the execution of the Sale Deed, it is imperative to enter into an Agreement to Sell which defines the terms and conditions under which the property will be transferred, for it to have a binding effect.
The Sale Deed is an essential document for the buyer and the seller which legally reports the transaction of the property. A Sale Deed is typically made by the seller and approved by the buyer before moving forward with the transaction. A Sale Deed signifies an immediate transfer of property titles. In case of any dispute related to the property or ownership, a registered Sale Deed serves as proof of ownership.

All About Sale Deed

Why Sale Deed?

Less Onerous Taxation
The overall cost of transferring property may be properly calculated, making the taxes procedure considerably more straightforward for the authorities.
Fraud Prevention
The registration of a Sale Deed helps the authorities to keep a close eye on any fraudulent property transactions.
Evidentiary Value
A duly executed Sale Deed works as Proof of ownership in case of any dispute regarding the title of the property.

Documents / Details we need

Names and References
Details of both the parties including photographs and Identity Proof.
Property Information
Scanned Copy of the original property papers (Khata, Encumbrance Certificate, etc.) and details about the same.
Loan Documents
In case of any loan against the property, a scanned copy of the original (can be present or past loan) is needed.

Important Clauses

Parties to the Sale Deed
Sale Deed includes information on the buyer and seller, such as their names, residences, ages, contact information, jobs, and the date the deed was executed.
Property's Description
It specifically informs the parties about the dimensions of the property being transferred, such as measurable details, graphical details, the carpet area in the case of apartments, the registration number, etc
Sale Consideration
The clause reads out the price at which the land is being transferred and that it is agreed upon by the parties to the deed. The price is mentioned in both numbers and figures to avoid any sort of confusion.
Transfer of Title
The word 'transfer of title' is used in this context in a Sale Deed. It simply refers to a change of ownership. A provision in every sale document states when the vendor's title to the property is transferred to the buyer.
Indemnity and Encumbrance clause
This provision is included in a sale document to ensure that the property is free of encumbrances when it is transferred to the buyer. This provision might also state that the seller is responsible for ensuring that the property is free of any kind of litigation
Reddendum Clause
A seller might include a reddendum provision or a reserve clause in the Sale Deed. The purpose of this provision is to protect the seller's rights in the property even after the title has been transferred to the buyer.
Tenendum Clause
Property for sale might be undeveloped property or ground on which structures such as a house, warehouse, or offices could be developed. This provision is included in the Sale Deed to make it clear that the improvements are being sold along with the property.
Dispute resolution
The Sale Deed lays down a procedure agreed upon by the parties of how to go about in case a dispute arises. It may consist of steps like mutual settlement by discussion or agreement for arbitration.

What's the process ?

1. Assessment
Our team will reach out to you to obtain the necessary information to assess the details of the property, its owners, clear title, encumbrances, or any third-party claims.
3. First Ready Draft
We will complete the first draft of the Sale Deed and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, mentioning the details of the property and its title, detail of its owner and the buyer, payments methods among other relevant clauses as required by the parties.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Sale Deed will be accomplished in 72 working hours.
1. Assessment
Our team will reach out to you to obtain the necessary information to assess the details of the property, its owners, clear title, encumbrances, or any third-party claims.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, mentioning the details of the property and its title, detail of its owner and the buyer, payments methods among other relevant clauses as required by the parties.
3. First Ready Draft
We will complete the first draft of the Sale Deed and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Sale Deed will be accomplished in 72 working hours.

Why choose us

PERSONALISED SERVICE

A dedicated Case Manager ensures quick turnout to all your queries and tailored solutions that fit perfectly for your requirements.

72 HOURS DELIVERY

All your drafting queries are addressed, understood, and delivered with quality under 72 Hours.

EXPERIENCED TEAM

Our team of dynamic professionals is well experienced and extremely proficient to cater to your needs, ensuring the best service.

24/7 HELPLINE

We are available to address and clarify all your queries round the clock. So you can worry less and focus more on the business.

Frequently Asked Question

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.

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