When a registered sale deed can be rendered as void?

According to this Act, cancellation is possible when and if: An individual feels that the deed is voidable or has a doubt that such a deed will cause him injury if left outstanding. If the deed was registered according to the laws prescribed in the Indian Registration Act, 1908.

Is sale deed necessary after agreement for sale?

A sale deed is drafted on the actual sale/transfer of the property. However, the deed is drawn only after all the contractual terms of the sale agreement have been explicitly settled. Moreover, it is mandatory to register a sale deed at the registrar’s office under the Registration Act, 1908.

Who can file cancellation of sale deed?

In one case, cancellation of deed can be sought in a Court only by a person who executed document and who perceives that such document is void or voidable. In the other case, even if a person is not party to the document, he can maintain a suit for declaration.”

What are the grounds for cancellation of sale deed?

Cancellation

• An individual feels that the deed is voidable or has a doubt that such a deed will cause him injury if left outstanding.
• If the deed was registered according to the laws prescribed in the Indian Registration Act, 1908.
• The cancellation may be executed by mutual consent of all parties.

Is it compulsory to register sale deed?

A sale deed is a legal document to prove actual transfer of property from seller to the buyer. It is absolutely mandatory to get a sale deed registered. A sale deed has details including details of buyers, and sellers, property area, construction details, sale amount (token, pending), date of possession, etc.

How to register a sale deed of property?

As per the Registration Act 1908, the sale deed needs to be registered compulsorily. The deed is drafted and typed on a non-judicial stamp paper. The buyer has to purchase the stamp paper.

What is the legal significance of registered sale deed?

Legal Importance: Registered Sale deed is a legally binding document. What is a sale deed? A sale deed is a legal document that describes the sale of a property between the parties (buyer and seller). It is proof of ownership. It transfers the rights in the property from the seller (transferor) to the buyer (transferee).

When does the buyer become the owner of the property?

The seller transfers the right of ownership to the buyer through sale deed. As soon as the document is signed, the buyer becomes the complete owner of the property. Usually, a sale deed is executed only when both sellers and buyers are fully satisfied and are ready to comply with the terms and conditions as mentioned in sale agreement.

What happens to a warranty deed when you sell a house?

However, when you sell your property, your mortgage is often paid off with the proceeds of the sale, and may even transfer to a new property that you purchase. This is part of the covenant to convey free of encumbrances. A general warranty deed also includes several other covenants that are built into the guarantee.