Gujarat Certified Sale Deed
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.
Use cases
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FAQs
Why require a sale deed?
A sale deed is a crucial document when purchasing property. It is a written agreement that transfers property rights from one person to another. The sale deed is the only valid document that provides the purchaser with the lifelong lawful right to use the property. Without a sale deed, one cannot claim property rights.
How do you obtain a sale deed document?
- Offline: You can visit the Sub-Registrar’s office where the property was registered and request a certified copy of the deed registration.
- Online: A deed can also be obtained online through the Department of Registration and Stamps Gujarat Government website (Garvi Gujarat) by providing details like the document registration number and the year of registration. Landeed
How can I verify the authenticity of a Deed?
The document is available on the Gujarat Garvi website. Landeed checks official and publicly available records to pull this document.
Can I get a certified copy of the Deed?
Yes, Sale Deed is available as a certified copy on Landeed. You can easily obtain this document through the platform, ensuring it is authentic and legally valid.
What are the fees for obtaining the Deed in Gujarat?
The fee for obtaining a Sale Deed in Gujarat is ₹699 per document. This covers the cost of accessing and downloading the official record, ensuring that you have the legal document required for property transactions.
How to register your property and prepare a sale deed?
- Online: Visit the Gujarat property registration portal "Garvi" . Create an account and provide buyer and seller details, property information, sale agreement, and pay stamp duty and registration fees.
- Offline: Visit a Sub-Registrar office in Gujarat and submit necessary documents like sale agreement, property card, encumbrance certificate, affidavit, and proof of stamp duty payment.
Stamp Duty charges and registration fee for Gujarat sale deed registration?
Stamp duty in Gujarat is 4.9% of the market value. Additionally, a 1% registration charge applies. This fee covers the maintenance of ownership records.
How does the Gujarat Stamp Act impact stamp duty calculation?
The Gujarat Stamp Act governs stamp duty on property transactions. The duty is calculated based on the property’s market value or sale price, whichever is higher. Buyers must also submit property tax receipts to ensure no outstanding dues.
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Sale Deed Document - Essential document for transfer of property ownership from one person to another
A Sale Deed is a legal document that transfers property ownership from seller to buyer and must be registered under the Registration Act, 1908.
- Legally binding document to transfer right title and ownership of property.
- Serves as a proof of transaction - verifies the authenticity of property ownership
- Useful for all property transactions - Buy, Sell and Loan
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