Document background
The Deed of Sale Agreement of Immovable Property is a crucial legal instrument in Indian property transactions, essential for documenting and effectuating the transfer of immovable property ownership. This document is mandatory under Indian law for any sale of immovable property valued above Rs. 100 and must be registered with the appropriate Sub-Registrar's office. It serves as conclusive proof of the property transfer, containing detailed information about the property, parties involved, consideration amount, and terms of sale. The agreement must comply with various Indian legislations including the Transfer of Property Act 1882, Registration Act 1908, and state-specific property laws. It's particularly important as it protects both parties' interests by clearly documenting their rights and obligations, while also serving as a necessary document for property registration and future reference.
