The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer, who then acquires the absolute ownership of the property. A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer. Through this document, the rights and interests of the property are acquired by the new owner. A deed of sale usually consists of the following information- Under the Law on the Transfer of Ownership, a sales contract, with or without property, is not a transport. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. In the future, a sale agreement is to be promised that the property will be transferred to the rightful owner, while the value of the sale is the actual transfer of the buyer`s property. The sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction.
For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. साठे (contract for sale) एखादी मिळकत भविष्यात करण्यासाठीचा- असतो. संबंधित मिळकत खरेदीदाराला कोणत्या अटी आणि शर्तींवर हस्तांतरित होईल ते नमूद केलेले असते. प्रक्रियांचे मिळकतीचे ” , 1882, साठे खताची, पुढीलप्रमाणे करतो. ” A real estate sale contract is a contract to sell the property under the terms set by the parties” – Section 54. Section 54 adds: “It does not in itself create interest or royalty for such a property.” “Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally. We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act.