Drafting a property sale deed is a crucial step in the process of transferring ownership of a property from the seller to the buyer. The sale deed is a legal document that outlines the terms and conditions of the property transaction.

We at Gauransh Law Firm, a team of top Advocates for all types of the best Property registration and RERA-approved services, provide the best Property Sale Deed Drafting services in Patna, Bihar.

The key elements that should be included in a property sale deed:

  1. Parties Involved:

    • Full names, addresses, and other relevant details of the seller(s) and buyer(s).
  2. Property Details:

    • Complete details of the property, including its address, dimensions, boundaries, and any identifying features.
  3. Sale Consideration:

    • The total sale consideration amount agreed upon by the parties.
    • The mode and schedule of payment.
  4. Advance Payment:

    • Any advance payment made by the buyer to the seller.
  5. Property Title and Rights:

    • Assurance that the seller is the rightful owner of the property and has the legal authority to sell it.
    • Any encumbrances or third-party claims on the property.
  6. Completion of Sale:

    • The timeframe within which the sale is to be completed.
  7. Delivery of Possession:

    • Details regarding when and how possession of the property will be handed over to the buyer.
  8. Indemnity Clause:

    • A clause outlining the responsibilities of each party and indemnifying against any future disputes or claims.
  9. Representations and Warranties:

    • Statements made by the seller regarding the condition and legal status of the property.
  10. Stamp Duty and Registration:

    • Details regarding the payment of stamp duty and the registration of the sale deed.
  11. Witnesses:

    • Names and addresses of witnesses present during the execution of the sale deed.
  12. Governing Law:

    • The legal jurisdiction that governs the sale deed.

Frequently Asked Questions

Related to Property Transactions and Registration.

Property papers are verified generally under two circumstances, one is during purchase and other during lease of the property. Property paper verification is done to ensure that fraudulent acts or misrepresentation of the property has not happened, and it also helps in peaceful possession of the property

When you decide to buy a property or commercially lease a property, the first thing you should do is get the property papers verified by a property legal expert.

Depending on the type of property you are buying, you will need to get the relevant documents verified by a Property Lawyer.

  • Sale deed in the name of the present owner
  • Agreement to Sale
  • Will
  • Partition Deed
  • Mutation Deed
  • Development Agreement
  • Sanctioned Plan
  • Encumbrance Certificate
  • GPA/Power of Attorney
  • Property Tax Receipts
  • Proofs of payment made to the builder
  • Apart from this, any other documents you have for the property

An experienced property lawyer will do the property verification

You can upload the documents after the payment is processed. If any additional documents need to be uploaded then you can do so after logging into your account.

With every Property product purchase, you will be credited 60 minutes of Lawyer Consultation time. You can utilize these minutes to consult a Property Expert Lawyer and discuss your issues.

The duration can vary based on factors such as the complexity of the transaction and government processing times. On average, it can take a few weeks to complete the registration process.

In many places, online property registration facilities are available. However, specific procedures may vary, and it’s advisable to check with the local land registry or authority.

A property registration service provider assists in various aspects of the registration process, including document verification, stamp duty calculation, submission to authorities, and ensuring legal compliance.

Some regions offer stamp duty exemptions or concessions for certain categories of buyers, such as first-time homebuyers, women, or senior citizens. Check with local authorities for specific details.

It’s crucial to conduct due diligence, verify property documents, ensure the legality of the transaction, and seek legal advice. Engaging with a reliable property registration service provider can also add an extra layer of security.

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