The contract of sale and the deed of sale are two of these important documents. The distinction between these two documents is not known to all and are both considered synonymous. „Transactions such as „surrogacy sales“ or „SA/GPA/WILL“ transfers do not transfer ownership and do not equate with transfer, recognition or valid transfer of real estate. The courts do not treat these transactions as entered into or entered into transfers or as transfers, as they do not transfer property or create interest in real estate. Such transactions cannot be considered as the basis for transfers in municipal or tax documents or as a basis. When buying a property, due diligence is essential and you need to check many important real estate documents. Patta or mutation or Khata is such an important property document. It is necessary to proceed with the transfer and update the new property data in the revenue statements managed by civil authorities such as municipalities, Panchayats or local authorities. There are some important documents that need to be executed between the buyer and seller to complete the process. The sale or purchase of real estate securities is a prerequisite for the „transfer“, these transactions being well framed by certain binding documents. : A sales contract represents the conditions of the sale of a property by the seller to the buyer. These general conditions of sale include the amount at which it is to be sold and the future date of full payment. Description: As an important document in the sales transaction, it allows the sales process without obstacles.
All conditions contained in (a)(i) amendment of the Registration Act 1908 by Amending Act 48 of 2001, with effect from 24.9.2001, containing documents containing a contract of assignment for consideration (contracts of sale, etc.) concerning immovable property within the meaning of section 53A of the Act, must be registered; and you must have the transfer of ownership (transfer) carried out in the following circumstances in order to avoid disputes in the future; It precedes the execution of an act of purchase. This agreement is signed and executed by the seller and the buyer on an extrajudicial stamp document. It has legal value and can be presented in court as evidence if necessary. The agreement defines the procedures leading to the execution of the instrument of assignment or sale. It records the agreement concluded between the parties and binds both parties. Once the property has been acquired by a deed of sale or a deed of gift, the buyer (or the beneficiary) must have the transfer of ownership carried out in his name. For agricultural land, a mutation is a must. Without a transfer, the land title will not pass to the new owner. Mutation should be recorded in the turnover series.
The name of the owner listed in the recipe record is called „Pattadhar“. In scenarios such as government land acquisition, compensation is paid only to the person whose name appears on the revenue statements. According to section 54 of the Transfer of Ownership Act, a contract of sale, i.e. a contract of sale, does not create any interest in itself or bear charges on such property. In many earlier judgments, the Hon`ble Apex Court has decided, after recognizing various legal provisions, that a contract of sale constitutes only a fiduciary character of the personal obligation and that it is related to the property, but that it does not in any way constitute an interest or servitude. Therefore, the transfer of real estate by way of sale can only be carried out by an instrument of transmission (deed of sale). In the absence of a transmission instrument (duly stamped and registered, as required by law), no right, title or part of immovable property may be transferred. Any contract of sale (contract of sale) that is not a registered deed of transfer (deed of sale) would not meet the requirements of §§ 54 and 55 TPA and would not transfer ownership or interest in real estate. . . .