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Sale Deed


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Sale Deed

                                                            SALE DEED FORMAT

 

This deed of Sale is executed on ________ day of ______________ month of _____________ year by Sri./Smt.__________________________, S/o./ W/o.____________________________, occupation____________________, and aged __________ years, residing at_________________________________________________________________ _________________________________________________________________(herein after called the SELLER)

In favour of

Sri./Smt.__________________________S/o./W/o._________________________, occupation____________________, aged __________ years, residing at_________________________________________________________________ _________________________________________________________________ (Herein referred to as the BUYER)

Whereas, the term Seller and Buyer shall mean and include their representative’s heirs, successors, executors, administrators, trustees, legal representatives and assigns.

 Whereas, the Seller herein, is the sole and absolute owner of immovable property [DESCRIPTION OF PROPERTY]

Whereas, the Seller is the absolute owner, having acquired the property, by [means of acquiring] and [description about possession] [taxing terms].

 Whereas the Seller has decided to sell the said property to the buyer as gift in consideration of an amount [state amount].

 NOW THIS DEED WITNESSETH that the Seller, on payment of [amount] as consideration made by Buyer hereby sell the property situated at ___________________________together with all the things permanently attached to the property or standing thereon and all the liberties, privileges, easements and advantages appurtenant thereto and all the estates, rights, title, interest, use, inheritance, possession, benefits, claims and demand of the Seller TO HAVE AND TO HOLD the same unto the use of the Buyer absolutely but subject to the payment of all taxes, rates, assessments, dues and duties now and here after chargeable thereon to the Government or local authorities.

Whereas the Seller hereby agree with the Buyer the following;

 (a) The Seller has the absolute ownership in the property.

 (b) The Buyer is entitled to take the possession of the property and enjoy it.

 (c) The Seller and his legal heirs has absolutely transferred every interest in the property and shall allow the peaceful possession of buyer in the said property.

(d) An amount of [amount] is paid as the stamp duty for the purpose of purchase by [who paid stamp duty] on [date of payment]

(e) [Mention any tax claims if any and its details]

 

SCHEDULE OF THE PROPERTY

All the piece and parcel of immovable property

Bearing No.____________

Measuring _______________

Bounded by: -

On the East:

On the West:

On the South:

On the North:

Market value of the property gifted under this deed is Rs. _____________ (Rupees____________________________________only).

The Stamp duty is paid on the market value as computed above.

IN WITNESS WHEREOF the seller as well as the buyer have jointly agreed to the terms of this sale on the date mentioned above.

WITNESS 1:

WITNESS 2:

SELLER

BUYER

eStartIndia

 


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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.

eStartIndia 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 eStartIndia 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.

Registration Process

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.

Package

Basic

9999 /-

    Package Includes:

    • Get Sale deed registration done without any hassles
    • We will help you to Draft and Registration of Sale Deed.
    •  30-minute Intro Call by Lawyer+ Start to Finish Help for Sale Deed Drafting and Registration.

(Professional Fees)



FAQs

Is registering a sale of deed is mandatory ?

Yes, registering a deed of sale is mandatory to have validity before any court of law.

Why is it important to make a deed of sale?
  1. Avoid fraud: - the registration of sale deed allows the authorities to keep a check on the fraudulent transaction of properties.
  2. Creates evidence: - the registration document act has evidence that would prove the title of the document before any court of law.
  3.  Establishes title: - the title of the property will be established accurately.
  4. Easy taxation: - the amount cost involved in the transfer of property can be accurately determined which allows the process of taxing much easier.
Where can i registered a deed of sale?

The deed of sale can be registered at the Sub-Registrars of Property’s office at the place where the property is located.

Who pays the stamp duty for registering deed of sale?

The buyer pays the Stamp Duty for registering the deed of sale.



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