Sale Agreement Deed
Both documents are therefore essential for the transfer of the buyer`s property, although at different stages of the sales activity. However, for the execution of these documents, 2 parts: the buyer and the seller must be present at the transfer of ownership. The seller must be responsible for entering into a sale or sale agreement, as he has an undisputed title on the land that wishes to be sold. There must also be a reflection on the money to place the property for the benefit of the buyer. The transfer of ownership in question is ongoing on the transfer of rights and liabilities related to the property of the subject and such a transfer associated with money leads to a sale that is led by the agreement to sell and ultimately concluded by deed Sale. This is how the sale is seen as a transfer of ownership by one thing against a price idea, and the same is paid or promised to pay. Stamp duty on the various sales or sales contracts must be paid in accordance with the laws of the state in force. In states like Maharashtra is put a lot of importance on the agreement for the sale and stamp duty is collected on them, allowing it to transfer the property to the buyer on an equal footing. The minimum price at which stamp duty must be paid when transferring real estate is called the government district rate. If the price paid by a buyer is less than the district rate, the stamp duty is paid on the district/government rate. In general, state governments apply stamp duty and registration fees at the declared value or district/government rate, based on the highest value of the transferred property. After stamp duty, 1% of the value of the property is calculated in the form of a registration fee to be paid for the registration of the instrument. A deed of sale is the document that follows the agreement with the sale and is the main legal document justifying the sale, transfer or transfer of ownership for the benefit of a buyer.
It defines the buyer`s ownership over the property and is the main document of each transaction. The execution of this document means that the transaction is concluded in accordance with the terms of the agreement.