All You Need to Know About Sale of Property

There are multiple documents required to prove the ownership of the property while selling and buying the property. Sale deed is one of the crucial evidences that proves the identity of the actual owner of the property along with other important details that is of significance for ensuring the deal is legal and the property is being sold after following all legal obligations.

The deed should contain information and details about the property involved and undergoing sale. The document should have the complete address, number of rooms and so on, and plot area, construction area, any additions to it, number of balconies.

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Agreement

This is a part of document wherein both the parties are agreeing to the transaction and giving details about the compensation required to be paid, advance component, date of such transaction, agreed and signed by involved parties. It is a legally binding document therefore mode of payment and date is mentioned to prevent any disagreements at a later stage.

Registration of the deed

A sale deed is registered in accordance with the Registration Act, 1908. Both the parties have to be present in person along with two witnesses with all the relevant documents in the sub-registrar's office to sign the sale deed and close the deal.

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