The steps in the execution of the deed of sale are as follows: 2. An unregant sales contract is not valid in court A sale agreement has the terms agreed between the seller and the buyer. It is reliable: the act of purchase and sale public proves and certifies that the two parties agree on the sale of the house and that they express their willingness to stick to what they sign. 2) For the registration of the sales mark, the stamp duty (including the amount of the transfer) is 5.5% and the registration fee is 0.5% of the fair value of the property. Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. This absolute rule is subject to the exception of Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the purchaser`s possession if the purchaser has entered into possession of the property that is the subject of the transfer, while fully acquiring its portion of the contractual obligation. It should be noted that Section 53A provides the proposed purchaser with a shield against the seller and prevents the seller from disrupting the purchaser`s property, but it does not cured the buyer`s property.
The property`s ownership remains in the hands of the seller. Under the Indian Registration Act of 1908, any interest transfer agreement must be registered on property worth more than 100 rupees. Therefore, if you purchased a property for sale as part of an agreement without a good state of sale, you will not receive any right or interest in the property that would be transferred under the sale contract. It is a free document: it is not mandatory to sign the deed of sale to buy a house. However, it is highly recommended for the legal certainty it grants. In addition, it is the only document that allows you to register the sale in the land registry. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries (P) Ltd (2) v. Haryana State, while examining the validity of the sale of real estate by proxy, has done as: Remember here that both parties must respect the terms of the agreement for the sale.