What is sale deed?
A sale deed is one of the most valuable legal documents in a purchase or sale of a property! It is governed by the Registration Act and is an important document for both the buyer or the transferee and the seller or the transferor. The purchase or sale of property is not legally complete until a sale deed is signed between the buyer and the seller. Usually a sale deed is signed only after both the parties are satisfied and comply with the terms and conditions as said in the agreement. How is it prepared? To begin with the buyer and the seller agree to prepare a draft sale deed on non-judicial stamp paper. This value of the sale deed will differ from state to state in the country and as prescribed by the Stamp Act of the respective State. Once the following details in the sale deed is agreed between the two parties the sale deed is ready to be signed. The sale deed would also require to be signed by at least two witnesses with all their details included. What does it contain? A sale dee
