Land and property is such a thing that a person gives a lot of importance in his life. Not only this, for this people put their lifetime’s earnings at stake. Then you can go somewhere and buy something like property.
That’s why it is very important that there is a need to be very careful while buying or selling any property. Many documents are also needed while buying and selling property. Without these documents the deal cannot be finalized. Many documents like lease deed, mortgage deed, gift deed, exchange deed and sale deed are also very important while selling the property.
While selling a property, the Sale Deed and other deed documents come in handy. Today we are going to give you information about one of these important documents, the sale deed. Sale deed is one of the most important documents. Sale deed in Hindi means sale deed or banama paper.
What is sale deed after all?
It is a legal document that empowers the owner or seller of the property to transfer the rights of the property in the name of the buyer. After the seller has drafted the sale deed, the property should be registered at the local sub-registrar’s office. People have to register to buy land. The whole process of registry is completed only after registering the Sale Deed. First of all, the buyer and seller of the land have to get the sale deed prepared with mutual consent. After this, online registration is done on the basis of this sale deed only. The land for which registration is being done.
Is sale deed necessary?
Many times people often ask whether it is mandatory to get the sale deed registered. So the answer is yes, it is very important to register the sale deed. Unless the sale deed is registered, the buyer cannot legally become the rightful owner of the property. The sale deed should contain several clauses as per the Transfer of Property Act.
Documents required while drafting the sale deed include building plan, allotment letter by the builder, tax slip, utility bill (electricity), power of attorney (if applicable), title documents, and all pre-registered agreements in case of resale of the property Are included.
