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This sale deed is a legal paper or document that marks the transfer of ownership officially. Only this agreement can truly prove the said property ownership transfer from the seller to the buyer.
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You might have heard of selling and buying of properties across the country, but what truly marks or officially proves the transaction between the parties is the sale deed in India.
This sale deed is a legal paper or document that marks the transfer of ownership officially. Only this agreement can truly prove the said property ownership transfer from the seller to the buyer.
Features of a sale deed in India
The sale agreement not only informs about the property particulars, but also the details relating to the rights and responsibilities of the parties involved.
You might have seen the sale deed referring to the seller as the ‘Vendor’ and buyer as the ‘Vendee’ in its content. The sale agreement is under the governance of the Registration act, 1908.
Why is a sale deed in India important?
The major objective of this legal paper or document is to declare the transfer of ownership rights and responsibilities from the seller to the buyer.
The entire ownership of a property depends upon the sale agreement. Hence it is extremely important and unavoidable to professionally draft one. This can be ideally done with the assistance of the best online advocate consultation.
You can easily hire a lawyer online at Insaaf99.com according to your preference and requirement. You can also use our online advocate advice for better convenience and comfort.
However, if you choose the ‘online lawyer consultation’ service you can conveniently proceed with your ‘sale agreement drafting’ with professionally experienced lawyers without wasting any extra time, energy or money.
What is included in the sale deed?
Registration process of a sale deed in India
When you have finalized the sale agreement, you may move forward with a registration process to be held in the registrar office of the particular jurisdiction. The parties must know about the probable stamp duty and registration cost. However, the same will be paid by the buyer or the Vendee.
During the registration procedure, both the parties (the seller and the buyer) must be present at the registrar office. However, to legally bind the agreement, both the parties must also bring two witnesses (each) along.
Furthermore, one must book an appointment in advance for the registration process at the Registrar office.
You would already know and understand all this information in case you have decided to hire a lawyer online. His/her professional experience will undoubtedly help you save your time and effort.
Why should someone get a legal sale deed?
The major benefit or advantage of drafting a legal sale deed in India is that a person or party can easily transfer the ownership to another party in exchange of monetary assets.
Apart from this, there exist several benefits relating to the same that also include the following:
To know more about a sale deed or find assistance in any other legal work, you may visit our website insaaf99.com now!
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