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#Conveyance deed and sale deed difference how to#
#Conveyance deed and sale deed difference registration#
#Conveyance deed and sale deed difference free#

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#Conveyance deed and sale deed difference how to#

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#Conveyance deed and sale deed difference registration#

If the deed was registered as per the laws of the Indian Registration Act, 1908, the conveyance deed can be cancelled by mutual agreement of the parties involved.

Is it possible to cancel a Conveyance Deed?Īs per Sections 31 to 33 of the Specific Relief Act, 1963, it is possible to cancel a conveyance deed, if an individual believes that the deed is voidable or can cause him/her harm if left unresolved. Draft conveyance deed or declaration proposed to be implemented in favour of the applicant.The development agreement, power of attorney (POA), or sale agreement (if performed by the seller).Proof of stamp duty fee payment and registration.Occupancy Certificate of the property (exempted if not available).Commencement Certificate of the property.Certificate under Urban Land Ceiling Act, 1976.Architect certificate about the entitlement of undivided interest in the common areas, layout plot, and amenities by each entity or structure built or to be built on the layout plot.Location plan, city survey plan, and approved layout plot plan.The required documents to obtain a Conveyance Deed are as follows: A Conveyance Deed, on the other hand, is appropriate when the transference of a property is due to gift, exchange, mortgage, or lease. On the other hand, a Sale Deed is appropriate when the title or ownership of a property is transferred in return for money. Like a Conveyance Deed, a Sale Deed transfers the ownership or title of a property from one entity to another. The terms ‘Sale Deed’ and ‘Conveyance Deed’ are used interchangeably but they are not the same. In such cases, you will be required to draft a conveyance deed and apply it.ĭifference between Conveyance Deed and Sale Deed In a situation, where the builder is not alive, the process can be completed by the legal representatives or heirs of the builder. Once this is done, the entire procedure of the conveyance deed is completed. The government obtains the stamp duty and registration fees as revenue. Post-registration, the transfer of property moves to the public domain. After that, it needs to be registered at the Registrar’s office. The procedure is done on a non-judicial stamp paper.

#Conveyance deed and sale deed difference free#

Certifies that the concerned property is free from any dispute.

Legally affirms transfer of property rights to the buyer.

It works as evidence in the event of legal dispute.

Any other applicable transfer of ownership rights.

The method of delivery of the property to the buyer.

Terms and conditions related to the property transfer.

Information on both the parties, including name, age, and addresses.

The actual demarcation of the property.

Both the parties sign it, and it can be produced in a court if any dispute relating to the agreement arises in future. It also informs that the property is free from any restrictions and disputes. A conveyance deed is a legal document between a transferor and a transferee, which proves that a title or ownership in the property has been transferred from one person to another.