What Are the Things to Keep in Mind During Sale Deed Registration?
Essential Checks Before Sale Deed Registration
Title Verification: Ensure the seller has a clear and undisputed title to the property. Manage an accurate title search and get a title certificate to confirm ownership. This step is particularly important when dealing withNRI selling property in India or NRI inheriting property in India, as it prevents legal complications.
Documentation: Verify that all necessary documents, such as the sale agreement, power of attorney, and other relevant papers, are in place. A proper review of the agreement to sell ensures smooth and error-free transactions.
Tax Clearance: Confirm that all outstanding taxes, including property tax and stamp duty, are fully paid before drafting the sale deed. This prevents any liabilities during or after the transaction.
Legal Advice: Seek advice from a qualified lawyer to ensure that the sale deed registration process complies with legal requirements and safeguards your interests. This is especially crucial for NRI selling inherited property in India to navigate legal complexities.
Valuation: Have the property professionally valued to discover its fair market value. This ensures the price being paid is justified and facilitates a fairdeed of sale.
Survey: Conduct a property survey to ensure accurate descriptions and clearly defined boundaries. This is a vital step in the registration of agreement to sell to avoid future disputes.
Registration Fees: Pay the applicable sale deed registration fees as required by law. This ensures the transaction is legally valid and recognized.
Witnesses: Ensure that the deed of sale is signed in the presence of at least two witnesses who can attest to its actuality This step is a legal requirement for validating the transaction.
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