{"id":26997,"date":"2021-03-07T11:00:07","date_gmt":"2021-03-07T05:30:07","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=26997"},"modified":"2021-03-06T16:45:49","modified_gmt":"2021-03-06T11:15:49","slug":"sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/","title":{"rendered":"Sale Deed Format: Know the Process of Drafting a Sale Deed in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term &#8220;Sale Deed Format&#8221; is a legally-binding document that is required for authenticating the transaction regarding a property that occurs between seller and purchaser.<\/p>\n\n\n\n<p>Such documents should\nstay in line with the provisions of section 54 of the Transfer of Property Act\n1882. In this write-up, we will unfold the notion of the Sale Deed Format and\ndefine its process of drafting in detail.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#How_the_Term_%E2%80%9CSale%E2%80%9D_is_Defined_under_the_Law\" >How\nthe Term \u201cSale\u201d is Defined under the Law?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#Understanding_the_Legal_Purview_of_Sale_Deed_Format\" >Understanding\nthe Legal Purview of Sale Deed Format<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#What_Advantages_does_Sale_Deed_Offer_to_the_Involved_Parties\" >What\nAdvantages does Sale Deed Offer to the Involved Parties?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#What_are_the_Key_ParticularsClauses_of_Sale_Deed_Format\" >What\nare the Key Particulars\/Clauses of Sale Deed Format?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#What_is_the_Process_for_Drafting_and_Registering_a_Sale_Deed_Format\" >What\nis the Process for Drafting and Registering a Sale Deed Format?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#Who_has_to_Bear_Expenses_Regarding_the_Execution_of_a_Sale_Deed\" >Who\nhas to Bear Expenses Regarding the Execution of a Sale Deed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#What_Documents_apply_to_Sale_Deed_Registration\" >What\nDocuments apply to Sale Deed Registration?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#What_are_the_Mandatory_Disclosures_in_a_Sale_Deed_Format\" >What\nare the Mandatory Disclosures in a Sale Deed Format?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/sale-deed-format-know-the-process-of-drafting-a-sale-deed-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_the_Term_%E2%80%9CSale%E2%80%9D_is_Defined_under_the_Law\"><\/span>How\nthe Term \u201cSale\u201d is Defined under the Law?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term\n&#8220;Sale&#8221; implies the transaction of Transfer of Ownership against the\nset price, which is either dispensed or promised, or partly dispended or partly\npromised.<\/p>\n\n\n\n<p>Under this, a seller\nintends to transfer the ownership of his\/her property to another individual on\nan&nbsp;immediate basis. That implies if a transfer is made for an upcoming\ndate, it will be regarded as an Agreement for Sale.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_the_Legal_Purview_of_Sale_Deed_Format\"><\/span>Understanding\nthe Legal Purview of Sale Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term&nbsp;Sale Deed&nbsp;is\nnothing but a legally-document that acts as legitimate proof of transfer and\nwill enclose information\u2019s regarding the Transfer of Ownership. Moreover, it is\nenforced on account of provisions of India&#8217;s Registration Act and is drafted on\na Non-Judicial Stamp whose value differs from state to state.<\/p>\n\n\n\n<p>The parties involved in\na sale deed were known as Seller or Transferor and Buyer or Transferee.\nFurthermore, both parties must opt for deed registration within four months of\nexecution &amp; include their signature to comply with the terms and\nconditions.<\/p>\n\n\n\n<p>Lastly, the sale deed is also being acknowledged as&nbsp;Conveyance Deed&nbsp;and&nbsp;Final Deed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Advantages_does_Sale_Deed_Offer_to_the_Involved_Parties\"><\/span>What\nAdvantages does Sale Deed Offer to the Involved Parties?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The section below encloses the viable benefits of a sale deed format which are accessible to involved parties.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-Advantages-does-Sale-Deed-Offer-to-the-Involved-Parties.png\" alt=\"Advantages does Sale Deed Offer to the Involved Parties\" class=\"wp-image-27039\" width=\"538\" height=\"441\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-Advantages-does-Sale-Deed-Offer-to-the-Involved-Parties.png 900w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-Advantages-does-Sale-Deed-Offer-to-the-Involved-Parties-300x246.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-Advantages-does-Sale-Deed-Offer-to-the-Involved-Parties-768x630.png 768w\" sizes=\"(max-width: 538px) 100vw, 538px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Avert Deceptive Transactions<\/h3>\n\n\n\n<p>A <a href=\"https:\/\/corpbiz.io\/sale-deed-registration\"><strong>registered Sale Deed<\/strong><\/a> enables the governing authorities to keep track of the falsified transaction concerning properties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Proof of Admissibility<\/h3>\n\n\n\n<p>A&nbsp;Registered Sale\nDeed&nbsp;adheres to evidentiary value. That implies both parties can set up\nthe validity period and provide title to the document before the court of law.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Creates Title<\/h3>\n\n\n\n<p>A Registered Sale Deed\ncreates the title over the new property owner.&nbsp; A Registered Sale Deed\nencloses the information regarding the cost of transferring the property, which\nwill make the process of estimating tax easier.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Key_ParticularsClauses_of_Sale_Deed_Format\"><\/span>What\nare the Key Particulars\/Clauses of Sale Deed Format?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The essential particulars of a Sale Deed Format are as follows:-<\/em><\/strong><\/p>\n\n\n\n<ol><li>Parties Involved in the Sale Deed <\/li><li>Description of the Property <\/li><li>The Sale Consideration <\/li><li>The clause regarding Payment method <\/li><li>Advance payment and Installments <\/li><li>Transfer of Title\u2019 clause <\/li><li>Delivery of the Deed and Possession of the property <\/li><li>Indemnity Clause and the Encumbrance clause <\/li><li>The clause regarding Payment method <\/li><li>Advance payment and Installments <\/li><li>Transfer of Title\u2019 clause<\/li><li>Delivery of the Deed and Possession of property <\/li><li> Indemnity Clause and the Encumbrance clause <\/li><li>Liability in case of a default <\/li><li>Witnesses and Registration&nbsp;<\/li><li>Right to quiet enjoyment of property <\/li><li>Reddendum clause <\/li><li>Tenendum clause <\/li><li>Warranty clause (Ownership) <\/li><li>Time is of Essence clause <\/li><li>Right to call off the deal <\/li><li>Dispute Resolution <\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Process_for_Drafting_and_Registering_a_Sale_Deed_Format\"><\/span>What\nis the Process for Drafting and Registering a Sale Deed Format? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The steps&nbsp;regarding the process of drafting and registering a Sale deed Format are as follows:-<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Discuss Requirements<\/h3>\n\n\n\n<p>In this step, the\napplicant must take advice from the experienced lawyer to ascertain a sale\ndeed&#8217;s requisites.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Drafting of Sale Deed<\/h3>\n\n\n\n<p>Depending on the\ndiscussion, the lawyer will initiate drafting and complete the same in 3 to 4\nBusiness Working Days. Post drafting, the lawyer will forward the draft back to\nthe applicant for review and approval.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Printing of Sale Deed<\/h3>\n\n\n\n<p>After this, the lawyers will print the deed on a non-judicial stamp paper subjected to a value specified by the <em><strong>government<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Government\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Meeting with Sub-Registrar<\/h3>\n\n\n\n<p>The applicant shall\nrequire meeting the Sub-registrar in person, within whose jurisdiction the\nproperty is located.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Registering Sale Deed<\/h3>\n\n\n\n<p>Under this step, the\napplicant, in association with lawyer and witnesses, shall head over to the\nSub-registrar office to sign the document and furnish the specified fees.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Issuance of Registered Sale Deed<\/h3>\n\n\n\n<p>In the last step, the Sub-Registrar\nwill grant the registered Sale deed to the concerned applicant.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_has_to_Bear_Expenses_Regarding_the_Execution_of_a_Sale_Deed\"><\/span>Who\nhas to Bear Expenses Regarding the Execution of a Sale Deed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Under the Execution of a\nSale Deed, the buyer is accountable to bear the expenses such as Stamp Duty and\nRegistration Fees. However, the seller needs to make sure that the entire\nproperty charges are already paid before the Final Sale Deed Agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Documents_apply_to_Sale_Deed_Registration\"><\/span>What\nDocuments apply to Sale Deed Registration?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong>The documents&nbsp;applicable to&nbsp;Sale Deed&nbsp;registration&nbsp;are as follows:-<\/strong><\/em><\/p>\n\n\n\n<ul><li>Draft of a Sale Deed.<\/li><li>Records of Rights, Tenancy, and Corp Extracts i.e., RTC<\/li><li>Katha Certificate<\/li><li>Mutation Register Extracts, if any<\/li><li>Joint Development Agreement, if any<\/li><li>General Power of Attorney<\/li><li>Building Plan authenticated by the Statutory Authority.<\/li><li>NOC (No Objection Certificate) from Water Works\/ Electricity Department \/ Pollution Control Board\/ Air Port Authority.<\/li><li>Latest tax paid receipts, Latest electricity bill &amp; receipt for the said property (in case of resale property)<\/li><li>Allotment Letter from the Housing Board\/ Co-Operative Society\/ Builder.&nbsp;<\/li><li>In case of a loan, legit Property Documents (original) are submitted with the Bank.<\/li><li>Sale agreement with the seller.<\/li><li>In case of property resale, copy of all past documents &amp; NOC furnished by the apartment association.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Mandatory_Disclosures_in_a_Sale_Deed_Format\"><\/span>What\nare the Mandatory Disclosures in a Sale Deed Format?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per&nbsp;section 55\nof the Transfer of Property Act, the parties involved with the sale deeds\nrequire making certain&nbsp;disclosures and representations regarding the\nimmovable property in the Sale Deed.<\/p>\n\n\n\n<p><em><strong>In view of section 55 (1), the seller is required to make the following disclosures &amp; representations:&nbsp;<\/strong><\/em><\/p>\n\n\n\n<ul><li>Material Defect involved with the Property<\/li><li>Defect in Title of the seller.&nbsp;<\/li><li>Third-Party claims<\/li><li>Disputes associated with the property.&nbsp;<\/li><li>Defects which the buyer cannot identify with usual care or prudence.&nbsp;<\/li><li>To furnish all the documents regarding the seller&#8217;s title for examination.&nbsp;<\/li><li>To answer every query raised by the buyer about the property.&nbsp;&nbsp;<\/li><li>Execution of the sale deed or proper Conveyance after the payment of the amount.<\/li><li>To take care of the property as well as documents till the property&#8217;s delivery date.<\/li><li>Must furnish the property&#8217;s possession in the manner suitable for the buyer.&nbsp;<\/li><li>To clear government-based charges and rent that build-up over time till the date of delivery of possession.&nbsp;<\/li><li>Needs to ensure lien or Nil Encumbrance related to the property.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Lastly, we can conclude\nthat the Sale Deed Format is a legally-binding document enforced post-execution\nof the sale agreement. The sale deed format allows the individual to transfer\nthe property ownership in a way mentioned in bylaws. <\/p>\n\n\n\n<p>The hostile takeover of the property is next to negligible under the paradigm of the sale deed-meaning- it is the safest way to transfer the property from one owner to another.&nbsp;<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/is-capital-gain-tax-incapable-of-levying-upon-registration-of-sale-deed\/\">Is Capital Gain Tax incapable of levying upon Registration of Sale Deed? Know-How!<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term &#8220;Sale Deed Format&#8221; is a legally-binding document that is required for authenticating the transaction regarding a property that occurs between seller and purchaser. Such documents should stay in line with the provisions of section 54 of the Transfer of Property Act 1882. In this write-up, we will unfold the notion of the Sale [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":27033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1011],"tags":[1585],"acf":{"service_id":"286"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":6420,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/26997"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=26997"}],"version-history":[{"count":14,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/26997\/revisions"}],"predecessor-version":[{"id":27041,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/26997\/revisions\/27041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/27033"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=26997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=26997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=26997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}