Sale Deed

Get Quote Instantly in a Minute

Overview

A sale deed is a legal document that transfers ownership of a property from the seller to the buyer. It is a crucial document in real estate transactions, outlining the terms and conditions of the sale. A properly executed sale deed provides legal certainty to both parties and ensures the smooth transfer of property rights.

Procedure for sale deed

The sale deed process typically involves the following steps:

Negotiation and Agreement

The buyer and seller negotiate the terms of the sale, including the purchase price, payment schedule, and any other relevant conditions.

Drafting the Sale Deed

Once the terms are agreed upon, a sale deed is drafted. This document should accurately reflect the terms of the agreement and comply with legal requirements.

Execution and Signing

Both parties, along with witnesses, sign the sale deed. It is essential to ensure that all signatures are obtained in the presence of witnesses to validate the document.

Stamp Duty Payment

Stamp duty must be paid on the sale deed as per the applicable rates set by the state government. The amount of stamp duty varies depending on factors such as the property value and location.

Registration

The sale deed must be registered with the appropriate Sub-Registrar of Assurances within the jurisdiction where the property is located. Registration provides legal recognition to the transaction and ensures its enforceability.

Handing Over Possession

Once the sale deed is registered and all payments are made, possession of the property is handed over to the buyer as per the terms of the agreement.

Required Documents for sale deed

Several documents are required for the preparation and execution of a sale deed. These include

Title Deeds - Documents establishing the seller's ownership of the property, such as previous sale deeds, inheritance documents, or land records.
Property Tax Receipts - Proof of payment of property taxes up to date.
Encumbrance Certificate - A certificate from the Sub-Registrar's office confirming that the property is free from any legal encumbrances or liabilities.
Identity and Address Proof - Valid identification and address proofs of both the buyer and seller, such as Aadhar card, passport, or driver's license.

Sale Agreement: - A written agreement outlining the terms of the sale, which may serve as the basis for drafting the sale deed.
No Objection Certificate (NOC) (if applicable) - If the property is subject to any loans or mortgages, a NOC from the lending institution may be required to proceed with the sale.
Stamp Papers - Non-judicial stamp papers of the appropriate value for executing the sale deed.
Witnesses - Witnesses to attest the signing of the sale deed.

Vakkta Assurance

Fixed Quotes

No price-hassles later

Dedicated Case Manager

A personally-assigned Case Manager for timely updates of your case proceedings

100% Confidentiality

Your personal details are kept absolutely confidential

Payment Structure

Frequently Asked Questions

Who is a Non-resident Taxable Person?

A non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods and/or services whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India.

What is the time limit for obtaining GST registration?

Any business entity or person is required to obtain GST registration within thirty (30) days from the date of becoming liable for registration. A Casual Taxable person and a non-resident taxable person are required to apply for registration at least 5 days prior to commencement of business.

Who is required to obtain GST registration?

Registration under the GST Act is required if the aggregate annual turnover exceeds Rs. 20,00,000/- (Rupees Twenty Lakhs). However, the threshold for registration is Rs. 10,00,000/- (Rupees Ten Lakhs) in case the place of business is situated in Arunachal Pradesh, Assam, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, or Uttarakhand.

Further, regardless of the turnover, GST registration is mandatory in the following cases:

If the person/ business makes Inter-State Supplies
If the person/ businesssupplies goods through an E-commerce portal
If the person/ business is:
- Service Provider
- Agent for Registered Principal
- Liable to Pay Reverse Charge
- Non-resident Taxable Person
- Casual Taxable Person
- Input Service Distributor
- TDS/TCS Deductor
- E-commerce Operator
- An online data access and retrieval service provider

Get Started with your free trial Consultation

Our mission is to make the legal world more accessible and affordable for everyone.

Book Now