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Sale deed is a legal contract executed by the seller & the purchaser which evidences the sale and transfer of ownership of a property. Sale deed is governed by the registration act and it is important document for both the parties. Sale deed is signed after both the parties agree with the terms & conditions mentioned in the agreement.
Procedure for Sale Deed?
Purpose of Sale Deed?
- The purpose of the sale deed is to ensure that the deal occurs between both the parties. It contains all the details regarding the property like address, total area of property or build up area, its exact location, etc.
Contract Execution of Sale Deed
- Sale deed can be mandatory to draft on non-judicial stamp paper and registered at the jurisdictional sub registrar office. The value of stamp paper will differ from state to state in the country as per stamp act of the respective state.
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