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The Affidavit And Memorandum Of Agreement Of Purchase And Sale is a crucial document in Indian property transactions, combining the formal requirements of both an affidavit and a sale agreement. It is typically used when parties need to establish clear title and ownership history through sworn statements while simultaneously documenting the terms of sale. The document is particularly important in situations where additional verification of property details and ownership claims is required. It must comply with various Indian laws including the Transfer of Property Act, 1882, the Registration Act, 1908, and state-specific stamp duty laws. The document includes sworn statements about property ownership, encumbrances, and legal status, followed by detailed terms of sale, payment conditions, and transfer arrangements. It is commonly used in both residential and commercial property transactions where enhanced legal protection is desired through the combination of sworn statements and formal sale terms.
