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The sale deed is a legal document that outlines the terms and conditions of the sale. It is executed by the seller and the buyer for the transfer of ownership of property. It outlines the important information regarding the price to be paid for, description of the property, how and when the owner will get transferred to the buyer etc. It is an essential document as it is the proof of ownership of the property.
The sale deed is executed by two parties, i.e. seller and buyer. The seller is the person who is selling or transfering his ownership in a property. The buyer is the person who purchases the ownership of a property for a consideration.
The Sale deed must be registered in the local sub-registrar office. An unregistered sale deed has no value in the eyes of law. The sale deed is made on non-judicial stamp paper, that is purchased as per the circle rates of the respective state.
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