Sign in with Facebook
Sign in with Facebook

User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
The sale deed is a document that is executed by the seller of a property in faour of the buyer. The buyer in return has to pay stamp duty and registration fee that varies based on the state. 
In sale deed, the thumb prints and photographs of the seller and buyer are taken digitally in most state, except Chattisgarh and Kerala. In some states, the photo of the witness or identifier is also fixed. In some states such as Jhaarkand, West Bengal, Madhya pradesh, Kerala and Maharashtra, particulars such as that of the seller, purchaser, property details, sale consideration amount, stamp duty payment details, etc. should be entered online prior to registration of deed.
Precautions to be considered:
  1. Ensure that the stamp duty expected by the state has been paid in the sale deed. The stamp duty can be paid in the form of stamp papers, DD or through e-stamping mode. The copy of Demand draft and e-payment challan should also be amde available
  2. The deed should be numbered.
  3. The document should not have any conditCheck.
  4. Che that the signatures of the buyer and seller are available. Some time ago, only sellers used to sign on sale deeds.
  5. Check  whether the seller has agreed to compensate the buyer in case any issue occurs in the title at a later date MN
  6. Ensure that the description of property or schedule of property is right.
  7. The title flow of the property along with documents showing shift of title to seller should be correctly mentioned.
  8. In case of transfer of property through PoA, ensure that the PoA has not been revoked, the grantor of PoA is alive, and that the agent has the required power to execute deed.

Add comment

Security code

Want quick reply to your question? Post it to the Forum and get quick and prioritized reply! For questions on posting to forum, please read article on how to post a question in the forum.

Latest News

How to apply for Property Card Online
23 May 2017 19:38 - Krishna

As a to be landowner, I am sure that you would like to know about the process for applying for prope [ ... ]

How to verify online whether the land that you are...
23 May 2017 18:32 - Krishna

Investing in land is a huge investment and one that needs to be carefully done. A lot of planning ar [ ... ]

Have you purchased a house in your relative's name...
14 May 2017 19:36 - Krishna

The Mumbai Income tax Tribunal has ruled that if someone ahs entirely invested in a property, then t [ ... ]

Use date of allotment to calculate capital gains
14 May 2017 19:02 - Krishna

Taxpayers have always been confused about how to calculate capital gains. Income Tax (IT) determines [ ... ]

5 ways to make sure property that you are purchasi...
08 May 2017 16:11 - Krishna

When buying a property, it is important to check whether the property is legal. People use multiple  [ ... ]

Featured News

You can take five years to make use of interest ra...
04 Mar 2016 10:22 - Krishna

A home owner will be able to take tax exemption on home loan even if the house construction gets com [ ... ]

Procedure to obtain E Khata for a property allotte...
13 Oct 2014 03:53 - Krishna

E khata has become an important document for almost all new buyers. If existing home owners wis [ ... ]

Free Encumbrance certificate (EC) online for Tamil...
16 Jun 2014 04:01 - Vijay Viswanathan

In an effort to reduce corruption and increase transparency, the State Government has initiated a ne [ ... ]

Subscribe to News

Sign in with Facebook