Basic Concepts

Sale Deed :

Sale deed is a legal document that contains transfer of property ownership from a seller to a buyer. This is one of the most valuable legal documents while purchasing or selling a property. This document needs to be registered mandatorily.

Some of the details included in a sale deed are listed below:

  • Full names & Residential addresses of the buyer and the seller
  • Plot / survey no. Exact location and address ,Total area of the property
  • Date , place of execution of the agreement and Total amount to be paid for the property
  • Mode & Time of payment, Date of possession of the property
  • Date on which the seller would provide the original property related documents to the buyer
  • Declaration by the seller that the property is not subject to any government acquisition and property is free from any liabilities such as lease, mortgage, or charge on the property

The sale deed should be registered at a sub-registrar’s office in the presence of the seller, buyer, and witnesses. If a buyer or seller is unable to be present due to unavoidable circumstances, a person nominated by him/her, empowered with power of attorney, can execute the sale deed.

Parent Documents is an important document that traces the origin ownership of the property from the start (if the property has had various owners). It is a document that helps in the further sale of the property, thereby establishing the new ownership. In case of absence of the original parent docs, certified copies should be obtained from the registering authorities. It includes the change in ownership of the property, be it through sale, partition, gift or inheritance.

Title deed is a legal document that can also be used to transfer the ownership of a property from one person to another in instances such as a gift, exchange, mortgage, etc. A title deed is useful when a person does not want to sell a property, but may want to add another person to the title. A title deed generally includes a description of the property that is being sold and the name of the person who legally owns the property. It can also have names of multiple owners.

Torence plan (Only for specific areas)

Torence plan is a detailed plan of the property prepared by a licensed surveyor that will have accurate details of the measurements including width, length, borders etc. This plan is needed only in some specific areas.

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