Sales Deed
A sale deed is a legal instrument/deed by which a Seller/Vendor/Transferor transfers his right on the property to the Purchaser/Vendee/Transferee or other, who acquires absolute ownership of the propertyby way of registered it at office of Sub-registrar office. The buyer should ensure the title of the seller before the execution of the sale deed. Thus it is governed by Registration Act and is an important document for both the buyer or the transferee and the seller or transferor.
Advantages of Sale Deed:
Avoids ambiguity: A sale deed clearly defines the acts, rights and obligations of the parties thereby reducing the ambiguity among the parties to the contract.
Provides legal protection: There is always a requirement of a legal document if the value of asset involved is high. Therefore it is executed by the Seller with payment of stamp duty on the sale consideration and transferred the same to the purchaser on the basis of Sale Deed registered at Sub-registrar offices.
Procedure:
A well competent/efficient lawyer from our team shall contact you, and explain you the total process, and will understand the need of Sale Deed and its ingredients.
Once the objectives of the Sale Deed are defined, the lawyer shall draft a sample Sale Deed accordingly.
The draft of Sale Deed shall be sent to you, for your review.
Once you approve it, it shall be served to the other party.
The whole process takes around 3-4 working days.