Document background
The Deed Of Sale Of Real Property Form is a crucial legal instrument in Indian property transactions, essential for documenting and executing the transfer of immovable property ownership. This document is mandated by the Transfer of Property Act 1882 and must be registered under the Registration Act 1908. It becomes necessary whenever there is a transfer of property ownership in India, whether for residential, commercial, or industrial properties. The deed includes comprehensive details about the property, parties involved, consideration amount, payment terms, and various statutory declarations. It must be executed on appropriate stamp paper as per state-specific stamp duty regulations and registered with the Sub-Registrar's office within the prescribed time limit. The document serves as the primary evidence of property ownership and is crucial for establishing a clear chain of title in future transactions.
