Gujarat Certified Sale Deed

Overview

A sale deed is a legally binding document designed to transfer the right, title, and ownership of immovable property from one person to another in exchange for an agreement value. It is governed by the Registration Act of India. A sale deed is considered valid only when signed by both the seller and the buyer, with both parties complying with the terms and conditions mentioned in the document. The sale deed must be registered under The Registration Act, 1908 within four months from the date of execution. The Sub Registrar of Assurances in the jurisdiction where the property is located carries out the gujarat property registration.
Contents of a Sale Deed:

• Details of the Parties: This section includes the full names, ages, and contact information of both the buyer and the seller.
• Property Details: It provides the full address and type of property (such as residential, commercial, bungalow, office, etc.), along with details like the size and area of the property.
• Sale Price: The agreement value between the buyer and the seller is mentioned here. Any advance payments made and the method of payment (e.g., cheque, demand draft, or online payment) are also noted. If the payment is to be made in installments, the dates for each payment should be included.
• Transfer of Ownership: This outlines when the ownership or title of the property will officially transfer to the buyer.
• Indemnity Clause: The seller must confirm that the property is free from any legal issues, debts, or claims by third parties. If any such issues arise later, the seller is liable to compensate the buyer for any losses.
• Registration: For the sale deed to be legally valid, it must be registered at the Sub Registrar office. Both the buyer and the seller, along with witnesses, must be present on the agreed date for the registration process. Stamp duty charges and registration fees must be paid during the registration of immovable property.

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