The deed of sale must also be given to the buyer with the date of ownership of the property. The deed of sale and the purchase contract are just two documents that are transferred from the seller to the buyer. The deed of sale contains the details of the transfer of ownership from a seller (seller) to a buyer (buyer). The deed of sale essentially makes the sale complete. In other words, through a deed of sale, the seller transfers ownership of the property to the buyer. Once the document is designed, signed and registered, the ownership rights are fully transferred to the buyer in the store. Other documents include – a letter of attribution and sanction from the housing association or other competent authority responsible for this property. In the case of an apartment or building, the certificate of occupancy issued as soon as the construction of this property is completed and the construction plans, a certificate of charge attesting that there are no more existing costs to be paid by the previous owner, a certificate of discharge from the housing association; and if the builder has received a mortgage on the building, the same certificate from the bank. You can register the deed of sale at the Sub-Registrar`s Office in the area where you want to buy the property. This is one of the most important legal documents that must be executed between the seller and the buyer in order to complete the transaction at the time of purchase of a property.
These parties are also referred to in legal language as “constituents” and “beneficiaries”. A deed of sale indicates that the right of ownership has been transferred by the seller to the buyer; or, in simpler terms, the property has been changed from seller to buyer. In order to confirm the deed of sale and enter into the contract, the seller and buyer must keep all important documents with the Sub-Registrar. The following points are included in the registration of a deed of sale: As agreed between the two parties, payment can be made in cash, check, bill of exchange or transfer of funds via Internet Banking. The method of payment with which the parties feel comfortable and which they choose is mentioned in the deed of sale of this clause with the amount of the payment. STEP 3: Apply to the Sub-Registrar Since you have made reasonable efforts to claim the Deed of Sale, you can now submit an application to the Sub-Registrar`s office. For this purpose, you must submit a notarized affidavit with the following information: You can sign the deed of sale against partial payment of the amount of the sale, which is not mandatory. If you sign a deed of sale and it does not pay the balance within the specified period, you must take legal action for the cancellation of the deed of sale, so it is better to receive the full amount no later than the execution of the deed of sale. (1) It is always preferable to insist that full payment be made at the time of execution of the deed of sale by draft claim 2. Parties to the deed of sale: An absolute deed of sale must contain the names and addresses of all parties to the transaction, and both the seller and the buyer must be authorized to enter into a contract for the sale to take effect.
It is important that the deed of sale is properly signed and executed by both parties with their true intentions. A legitimate deed of sale must begin with a detailed list of the parties involved. The main objective of buying a property is to become an owner. In a deed of sale, the term “transfer of ownership” is used in this context. It simply means the transfer of ownership. Each deed of sale contains a clause that specifies when ownership of the property is transferred from the seller to the buyer. These are also called “transmission words.” It expresses the seller`s intention to transfer ownership in favor of the buyer. This can happen immediately or after a certain period of time. It intends to transfer all ownership rights from the seller to the buyer and make him the absolute owner. A transfer certificate can be obtained online from the official website of Land and Land Reforms and the Department of Refugee Aid and Rehabilitation of West Bengal. After that, you need to fill out the property transfer request form.
You will need to –Upload the important documents as indicated in the form and,-Pay a feeIn case of a change of ownership, you will most likely need to present the deed of sale, the certificate of registration, a document proving the payment of taxes, as well as the applicant`s Aadhar card. Once this is done, you will receive a registration number related to your application. You can check the status of your application online. Once it is approved, you can download and print the transfer certificate. The registered deed of sale can be used as evidence in the event of a dispute. The deed of sale is an extremely important legal document that records the transfer of ownership from the seller to the buyer. Therefore, it is important to keep such a document safe. However, in the event of loss of the original deed of sale, a certified copy or a duplicate of the deed of sale may be requested from the office of the competent sub-registrar. .