Sale Deed vs Sale Agreement Specifies the terms and conditions of the transfer
| Sale deed | Agreement for sale | |
| Transfer | Actual transfer | The promise of a future transfer |
| Information about? | Details of Both the parties & property | Specifies the terms and conditions of the transfer |
| Rights? | Ownership right | Right to purchase as per conditions |
| Stamp duty | Buyer has to pay stamp duty and registration fee | Signed and executed by both parties on a non-judicial stamp paper. |
| Risk involved | New buyer | Seller |
| In case of violation? | Legal complaints and monetary damages are awarded. | Lawsuit for damages & contract termination. |
| Registration | Registration of a selling deed is required | All states have different requirements for registering sales agreements. |