A Sale Deed is executed by the Seller of the Property in favour of the buyer of the property. A Sale Deed affixes photographs of the seller and the buyer. Different states have their own prescribed rates of Stamp Duty and registration rate for Sale Deed. Some states mandate affixing a Witness photograph.
Ensure that in a Sale Deed:
- Adequate Stamp duty has been paid.
- Signatures of sellers and buyers are affixed.
- It is correctly numbered.
- It is without any conditions.
- The Seller has agreed to the Indemnity Clause
- Description of the Property (Schedule of Property) is in order
Mr G Shyam Sunder is a Practising Advocate in Chennai for the past 14 years. His book “Property Registration, Land Records and Building Approval Procedures followed in Various States” is in its second edition.