{"id":12789,"date":"2020-09-04T18:29:54","date_gmt":"2020-09-04T12:59:54","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=12789"},"modified":"2021-03-24T18:24:04","modified_gmt":"2021-03-24T12:54:04","slug":"sale-deed-format-process","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/","title":{"rendered":"Sale Deed Format: Process to Draft a Sale Deed in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term \u201cSale Deed Format\u201d denotes the performance of a legal document, which is required for validating the transaction of purchasing a property between seller and purchaser. It is regulated by the provisions of section 54 of the Transfer of Property Act 1882. <\/p>\n\n\n\n<p>In this blog, we will discuss the concept of <strong>Sale Deed Format<\/strong> and the <strong><em>process <\/em><\/strong>to draft it.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b31af8e9fe\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b31af8e9fe\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Concept_of_Sale\" title=\"Concept of Sale \">Concept of Sale <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Concept_of_Sale_Deed_Format\" title=\"Concept of Sale Deed Format\">Concept of Sale Deed Format<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Benefits_of_Sale_Deed_Format\" title=\"Benefits of Sale Deed Format\">Benefits of Sale Deed Format<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Avoid_Fraudulent_Transactions\" title=\"Avoid Fraudulent Transactions\">Avoid Fraudulent Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Evidentiary_Value\" title=\"Evidentiary Value\">Evidentiary Value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Creates_Title\" title=\"Creates Title\">Creates Title<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Easy_Taxation\" title=\"Easy Taxation\">Easy Taxation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Key_Components_of_Sale_Deed_Format\" title=\"Key Components of Sale Deed Format\">Key Components of Sale Deed Format<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Process_to_Draft_and_Register_a_Sale_Deed_Format\" title=\"Process to Draft and Register a Sale Deed Format\">Process to Draft and Register a Sale Deed Format<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Discuss_Requirements\" title=\"Discuss Requirements\">Discuss Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Drafting_of_Sale_Deed\" title=\"Drafting of Sale Deed\">Drafting of Sale Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Printing_of_Sale_Deed\" title=\"Printing of Sale Deed\">Printing of Sale Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Fix_Appointment_with_the_Sub-Registrar\" title=\"Fix Appointment with the Sub-Registrar\">Fix Appointment with the Sub-Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Registration_of_Sale_Deed\" title=\"Registration of Sale Deed\">Registration of Sale Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Issuance_of_Registered_Sale_Deed\" title=\"Issuance of Registered Sale Deed\">Issuance of Registered Sale Deed<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Who_Pays_for_the_Execution_of_a_Sale_Deed\" title=\"Who Pays for the Execution of a Sale Deed?\">Who Pays for the Execution of a Sale Deed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Documents_Required_for_Sale_Deed_Registration\" title=\"Documents Required for Sale Deed Registration\">Documents Required for Sale Deed Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Difference_between_Sale_Deed_and_Agreement_to_Sale\" title=\"Difference between Sale Deed and Agreement to Sale\">Difference between Sale Deed and Agreement to Sale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Mandatory_Disclosures_in_a_Sale_Deed_Format\" title=\"Mandatory Disclosures in a Sale Deed Format\">Mandatory Disclosures in a Sale Deed Format<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/swaritadvisors.com\/learning\/sale-deed-format-process\/#Sample_Sale_Deed_Format\" title=\" Sample Sale Deed Format \"> Sample Sale Deed Format <\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Sale\"><\/span>Concept of Sale <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term \u201c<em>Sale<\/em>\u201d denotes the <em>transaction<\/em> of <em>Transfer of Ownership<\/em> in exchange for a <em>price<\/em>, which is either <em>paid or promised<\/em>, or <em>partly paid or partly promised<\/em>. <\/p>\n\n\n\n<p>Under this, a <em>seller<\/em> decides to sell <em>his\/her property<\/em> to <em>another person<\/em> on an <em>immediate basis<\/em>. That means if a <em>transfer<\/em> is made for <em>some future date<\/em>, it will be known as <em>Agreement for Sale<\/em>. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Sale_Deed_Format\"><\/span>Concept of Sale Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term <strong><a href=\"https:\/\/swaritadvisors.com\/sales-deed\">Sale Deed<\/a><\/strong> denotes a written document that acts as a Legal Proof of Transfer and will include every detail concerning the Transfer of Ownership. Further, it is enforced by the provisions of the Registration Act of India and is made on a Non-Judicial Stamp Paper of a Value specified by the government.<\/p>\n\n\n\n<p>The parties to a sale deed are Seller or Transferor, and Buyer or Transferee. Moreover, both parties must get the deed registered within 4 months of execution and sign it to accept to comply with the terms and conditions. <\/p>\n\n\n\n<p>Lastly,\nthe other names for Sale Deed are <strong><em>Conveyance Deed<\/em><\/strong> and <strong><em>Final\nDeed<\/em><\/strong>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Sale_Deed_Format\"><\/span>Benefits of Sale Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Benefits-of-a-Sale-Deed-Format-1024x768.png\" alt=\"Benefits of Sale Deed Format\" class=\"wp-image-12790\" width=\"521\" height=\"391\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Benefits-of-a-Sale-Deed-Format-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Benefits-of-a-Sale-Deed-Format-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Benefits-of-a-Sale-Deed-Format-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Benefits-of-a-Sale-Deed-Format.png 1200w\" sizes=\"(max-width: 521px) 100vw, 521px\" \/><\/figure><\/div>\n\n\n\n<p>The benefits of a Sale Deed Format are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Avoid_Fraudulent_Transactions\"><\/span>Avoid Fraudulent Transactions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A Registered Sale Deed allows the regulatory authorities\nto keep an eye on the Fraudulent Transaction concerning Properties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evidentiary_Value\"><\/span>Evidentiary Value<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A <strong>Registered Sale Deed<\/strong> has evidentiary value. That means either of the party can establish the validity and title of the document before the court of law.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Creates_Title\"><\/span>Creates Title<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A Registered Sale Deed\nestablishes the title over the new owner of the property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Easy_Taxation\"><\/span>Easy Taxation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A Registered Sale Deed includes the details about\nthe cost involved in transferring the property, which will directly make the\nprocess of calculating tax easier.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Components_of_Sale_Deed_Format\"><\/span>Key Components of Sale Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Key-Components-of-a-Sale-Deed-Format-614x1024.png\" alt=\"Key Components of Sale Deed Format\" class=\"wp-image-12791\" width=\"536\" height=\"893\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Key-Components-of-a-Sale-Deed-Format-614x1024.png 614w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Key-Components-of-a-Sale-Deed-Format-180x300.png 180w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Key-Components-of-a-Sale-Deed-Format-768x1280.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Key-Components-of-a-Sale-Deed-Format.png 1200w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/figure><\/div>\n\n\n\n<p><strong>The key components of a Sale Deed Format are as follows:<\/strong><\/p>\n\n\n\n<ol><li>Name and Details of the Parties<\/li><li>PAN Card Details of the Parties<\/li><li>Latest Passport-sized Photograph of Parties<\/li><li>Tax Liability<\/li><li>Consideration<\/li><li>Representations and Warranties<\/li><li>Free from Encumbrances<\/li><li>Absolute\/ Partial Right<\/li><li>Payment of Stamp Duties<\/li><li>Registration Fee Details<\/li><li>Name of Person Paying the Stamp Duty<\/li><li>Indemnity<\/li><li>Dispute Resolution<\/li><li>Governing Law<\/li><li>Description and Schedule of Property<\/li><li>Details of the 2 Witnesses<\/li><li>Signature of Parties<\/li><li>Signature of Witnesses<\/li><\/ol>\n\n\n\n<p><strong>Also, Read: <\/strong><mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/gift-deed-registration\/\">Gift Deed Registration<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_to_Draft_and_Register_a_Sale_Deed_Format\"><\/span>Process to Draft and Register a Sale Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Sale-Deed-Format-1024x768.png\" alt=\"Process of Sale Deed Format\" class=\"wp-image-12792\" width=\"441\" height=\"331\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Sale-Deed-Format-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Sale-Deed-Format-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Sale-Deed-Format-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/Process-to-Draft-a-Sale-Deed-Format.png 1200w\" sizes=\"(max-width: 441px) 100vw, 441px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>The steps involved in the process to draft and Register a Sale Deed Format are as follows: <\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Discuss_Requirements\"><\/span>Discuss Requirements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the first step, the applicant needs to hire an experienced\nlawyer to discuss the requirements of a Sale Deed. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drafting_of_Sale_Deed\"><\/span>Drafting of Sale Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now, based on the discussion, the lawyer will draft the sale deed in 3 to 4 Business Working Days. After drafting, the lawyer will send the draft to the applicant for Review and Approval.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Printing_of_Sale_Deed\"><\/span>Printing of Sale Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After the approval of the sale deed, in the next\nstep, the lawyer will get the deed printed on a non-judicial stamp paper of the\nvalue specified by the government.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fix_Appointment_with_the_Sub-Registrar\"><\/span>Fix Appointment with the Sub-Registrar<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now, fix an appointment with the Sub-registrar,\nwithin whose jurisdiction the property is located.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Registration_of_Sale_Deed\"><\/span>Registration of Sale Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under this step, the applicant, together with\nhis\/her lawyer and 2 witnesses, will visit the office of the Sub-registrar to\nsign the document and pay the fees specified.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Issuance_of_Registered_Sale_Deed\"><\/span>Issuance of Registered Sale Deed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the last step, the Sub-Registrar will Issue a\nRegistered Sale Deed to the applicant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Pays_for_the_Execution_of_a_Sale_Deed\"><\/span>Who Pays for the Execution of a Sale Deed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the process of Execution of a Sale Deed, the\nbuyer is liable to pay the Stamp Duty and Registration Fees. However, the\nseller needs to ensure that all the charges concerning the property are already\npaid before the Final Sale Deed Agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_Sale_Deed_Registration\"><\/span>Documents Required for Sale Deed Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The documents required for the registration of a Sale Deed are as follows:<\/em><\/strong><\/p>\n\n\n\n<ol><li>Draft of a Sale Deed.<\/li><li>Records of RTC (Rights, Tenancy, and Corp) Extracts.<\/li><li>Katha Certificate<\/li><li>Mutation Register Extracts.<\/li><li>Joint Development Agreement.<\/li><li>General Power of Attorney.<\/li><li>Building Plan approved by the Statutory Authority.<\/li><li>NOC (No Objection Certificate) from Electricity Department \/ Water Works\/ Pollution Control Board\/ Air Port Authority.<\/li><li>Supplementary agreement or Ratification Deed.<\/li><li>Allotment Letter from the Housing Board\/ Builder\/ Co-Operative Society.<\/li><li>In case of a loan, Original Property Documents submitted with the Bank.<\/li><li>Sale agreement with the Seller.<\/li><li>&nbsp;In case of resale of a property, copy of all the previous registered documents and NOC from the apartment association.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Difference_between_Sale_Deed_and_Agreement_to_Sale\"><\/span>Difference between Sale Deed and Agreement to Sale<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>S. No<\/strong>\n  <\/td><td><strong>Agreement of Sale<\/strong>   <\/td><td><strong>Sale Deed<\/strong>   <\/td><\/tr><tr><td>\n  1.\n  <\/td><td>The term \u201cAgreement of Sale\u201d denotes Future Transfer. &nbsp;   <\/td><td>The term \u201cSale Deed\u201d denotes that a property is transferred immediately.   <\/td><\/tr><tr><td>\n  2.\n  <\/td><td>In this case, the risk remains with the seller   <\/td><td>In this case, the risk is transferred immediately   <\/td><\/tr><tr><td>\n  3.\n  <\/td><td>Agreement of Sale is an Executors Contracts   <\/td><td>Sale Deed is an Executed Contract &nbsp;   <\/td><\/tr><tr><td>\n  4.\n  <\/td><td>In the case of Breach of Terms and Conditions prescribed in the Agreement   of sale, the applicant can file a suit for damages   <\/td><td>In the case of Breach of Terms and Conditions prescribed in the   Sale Deed, the applicant can file a suit for both Damages and Cost   <\/td><\/tr><tr><td>\n  5.\n  <\/td><td>Agreement of Sale differs from one state to another state   <\/td><td>In contrast, Sale Deed is a mandatorily registered instrument   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mandatory_Disclosures_in_a_Sale_Deed_Format\"><\/span>Mandatory Disclosures in a Sale Deed Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per <strong>section 55 of the Transfer of Property Act<\/strong><a href=\"https:\/\/en.wikipedia.org\/wiki\/Transfer_of_Property_Act_1882\">[1]<\/a>, both the seller and buyer need to make certain disclosures and representations concerning the immovable property in the Sale Deed. Further, as per <strong>section 55 (1)<\/strong>, the disclosures and representations that a seller needs to make are as follows:<\/p>\n\n\n\n<ol><li>Full Disclosure to the buyer about the following.<\/li><li>Material Defect in the Property<\/li><li>Defect in Seller\u2019s Title<\/li><li>Third-Party claims<\/li><li>Disputes about which the Buyer is Unaware.<\/li><li>Defects which the Buyer cannot Discover with Prudence or Ordinary Care.<\/li><li>To produce all the documents required by the buyer regarding the seller\u2019s title for examination.<\/li><li>To answer all the questions raised by the buyer regarding the property.<\/li><li>Execution of the proper Conveyance or Sale Deed after the Payment of Amount.<\/li><li>To take utmost care of the property and documents till the date of delivery of the property.<\/li><li>Must offer the possession of the property in the manner accepted by the buyer.<\/li><li>To make payment and clearances of all the government charges and rent accrued regarding the property till the date of delivery of possession.<\/li><li>Needs to ensure Nil Encumbrance or Lien over the Property.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At last, we can say that a Sale Deed Format is a document enforced after the execution of the Sale Agreement entered by the Seller and Buyer, together with the compliance of all terms and conditions prescribed. <\/p>\n\n\n\n<p>Further, it is enforced by the provisions of the Registration Act of India and is made on a Non-Judicial Stamp Paper of a Value specified by the government.<\/p>\n\n\n\n<p><strong>Also, Read: <\/strong><mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/partnership-deed-format\/\">Partnership Deed Format<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sample_Sale_Deed_Format\"><\/span> Sample Sale Deed Format <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/09\/sample-sale-deed_1.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">sample-sale-deed_1<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cSale Deed Format\u201d denotes the performance of a legal document, which is required for validating the transaction of purchasing a property between seller and purchaser. It is regulated by the provisions of section 54 of the Transfer of Property Act 1882. In this blog, we will discuss the concept of Sale Deed Format [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":12793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[628],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/12789"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=12789"}],"version-history":[{"count":12,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/12789\/revisions"}],"predecessor-version":[{"id":18380,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/12789\/revisions\/18380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/12793"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=12789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=12789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=12789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}