Execution of the Sale Deed is on a stamp paper under the Stamp Act applicable.
The Sale Deed must clearly mention,
1) the names of the parties-Seller and Buyer, their age, father’s/Husband’s name, and address.
2) The description of the property sold,
3)the addresses of the property, village name, name of Sub- Registrar office,
4)a description of the property – whether land, flat, independent house, floor etc,
5) the extent of the land in sqft /cents as the case may be
6)the price at which the property is being sold and the Schedule of Payment.
7) the time and stage when the property will be transferred to the Buyer. Generally, it is on full payment of the Sale Consideration.
8)the Seller needs to confirm that the property is NOT Encumbered. The Seller should clear all pending Encumbrances on the property. This is before the Transfer of Property to him. The Deed should incorporate a clause to this effect.
Also, the Sale Deed should contain at the end, a Schedule of the Property.
This Schedule mentions the exact location and description of properties on all sides.
Once finalised, both Buyer and the Seller or the Power of Attorney should execute the Sale Deed. The Registration of the Sale Deed will be at the Sub-registrar’s Office. This SRO is the one under whose jurisdiction the village/property falls.
Check all details before Registration. If any Mistake occurs in the Sale Deed it can be rectified only through a Rectification Deed. For this, the Seller must be available and willing to do the needful. After a considerable lapse of time, it will be difficult to get this Rectification done.