According to this Section, a sale is a transfer of ownership in exchange for a price paid or promised, or a price paid in part and promised in part. Sale is defined under Section 54 of the Transfer of Property Act, 1882. To understand the concepts of sale and conveyance deeds, it is crucial to understand the concept of sale.
IMPORTANCE OF CONVEYANCE DEED REGISTRATION
This article defines such deeds, the parties, documents, and registration in India while exploring the differences. The terms "conveyance deed" and "sale deed" are frequently used in real estate transactions.
Having a written document that defines the transaction between the seller and the buyer when buying or selling a home has become critical. However, the rising number of frauds and property scams in India has become a source of concern for many. Purchasing or selling a home has always been one of the most common financial transactions. All sales deeds are conveyance deeds however, all conveyance deeds are not sale deeds.A conveyance deed is a legal document between a transferor and a transferee that proves ownership of property and states that all related rights have been transferred.A sale deed is a legal document that proves that the seller has given the purchaser absolute ownership of a property.Sale is defined under Section 54 of the Transfer of Property Act, 1882.
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