Sales are defined under Section 54 of the Transfer of Property Act 1885 which means the transfer of property or transfer of ownership from the seller to the buyer for the consideration of money for paid, partly paid, or promised to pay. A sale deed is a legal document that is used during a property transaction as evidence of sale and transfer of ownership of a property from a seller to the buyer. This is the main document for the transfer of ownership. A sale deed is also referred to as the final deed or conveyance deed. It proves that the sale is complete. It contains details of the buyer, seller, area, location of the property, and payment details. It has to be registered by the near sub-registrar. But make sure that full consideration is paid before registration. Only registered sale deed has legal value in the eye of law. It also bound the buyer and seller to fulfil their agreed terms and conditions. PROCEDURE 1. Preparation of sale deed 2. Calculation of Stamp Duty 3. Pay the Stamp Duty- a. Non-judicial stamp paper b. E-stamping 4. Drafting of the sale deed 5. Printing of sale deed on stamp paper 6. Registration at the sub-registrar office 7. Collection of token slip from registrar’s office
