What is the difference between sale deed and deed of apartment?

– A Sale deed is made for sale/purchase of land or any premises constructed on land. – Apartment Deed is a Deed or agreement enetered into for sale/purchase of apartment. This Deed was prepared between Builder and the owner of the land before purchasing the said land.

What is the difference between agreement to sell and sale deed?

A sale implies immediate transfer of property. It is accomplished through a Sale Deed, while an agreement to sell implies future transfer. Risks are transferred immediately in Sale, whereas they remain with the seller in case of Agreement to Sell.

What documents need to check before buying a flat?

Which documents do I need to submit while applying for a home loan for a resale flat?

1. Agreement to Sell (ATS)
2. Chain of Title or Sale Deed.
3. NOC from the society or other concerned bodies.
4. Share Certificates in case of societies.
5. Title Report.
6. Occupancy/Completion Certificate (OC)
7. Encumbrance Certificate (EC)

What is mean by deed of apartment?

Related Definitions Deed of Apartment means the instrument by which the property is submitted to the provisions of this Act as hereinafter provided.

What is a sale deed in property?

The sale deed is the main document by which a seller transfers his right on the property to the purchaser, who then acquires absolute ownership of the property. It is also referred to as the conveyance deed.

Is sale deed necessary?

A sale deed is drafted on the actual sale/transfer of the property. Once the deed is executed, the new buyer takes the complete ownership of the property. Moreover, it is mandatory to register a sale deed at the registrar’s office under the Registration Act, 1908.

What is difference between society and apartment?

Difference between an Apartment and Society – IREF® – Indian Real Estate Forum.

Can I sell my property without documents?

2. Since those are not available and only tax receipts are available then possession of the property is established. 3. Now on the basis of averments the property can indeed be sold but the bank is unlikely to give loan to the buyer if he wishes to secure loan to purchase the property.

What is the difference between an apartment deed and sale deed?

Sale deed is made for sale/purchase of land or any premises constructed on land. Apartment Deed – Deed or agreement enetered into for sale/purchase of apartment. You say apartment deed was entered between you and builder. Was it an apartment deed (sale deed) or agreement to sale – you have to specify that.

Can a stamp deed be used to purchase an apartment?

EVEN THE STAMP DUTY ON THE SALE DEED WOULD HAVE BEEN PAID CONSIDERING COST OF APARTMENT AND UNDIVIDED SHARE IN LAND You need not be worried on this count. The apartment was purchased by you by getting a registered sale deed executed in your favor.

What are the legal documents required to sell a property?

Sale Deed: Sale deed is the most important legal document which is considered as the evidence of sale and transfer of ownership of the property from the seller to the buyer. A Sale Deed has to be mandatorily registered.

What is the difference between a DOA and sale deed?

A DOA (Deed of Assignment) is usually used to transfer rights on an article from one person to another. A Deed of Assignment can be transfered from one assignee to another – and the Sale Deed or Absolute Sale Deed means that a property or article has been sold for a purchase price.