Monday, May 22, 2023

Sale Deed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(VENDOR                                                       (VENDEE)

PAN NO.                                                        PAN NO.

 

Type of Deed                                     =          Sale Deed

Category of Locality                         =            

Name of the Colony                          =          ____________, New Delhi

Use Factor                                         =          Residential/Commercial   

Total Plot Area                                  =         _____ sq.mtr.

Total Plinth Area                               =          _____ sq.mtr

Structure Type                                  =          Pucca

Year of Construction                        =          _____

Age Factor                                         =          _____

Minimum Rate of Value                    =          Rs. __________/- per sq.mtr.

Cost of Construction                       =          Rs. __________/- per sq.mtr.

e-Stamp Certificate No.                    =          IN-DL

Certificate Issued Date                     =          ___, ___________, __________

         

COMPUTATION OF DUTY:

          -------------------------------------------------------------------------------------------------------------

          Component                                                                   Value

          -------------------------------------------------------------------------------------------------------------

          Minimum Cost of proportionate land                  Rs. __________/- X _____ X _____

          = (Minimum value of land rate                            = Rs. _______________/-

          Per sq. mtrs.) x proportionate area

          X Use Factor

          -------------------------------------------------------------------------------------------------------------

          Minimum cost of Construction                           Rs. __________/- X __________ X _____

          = (Rate of construction) x plinth                         = Rs. __________/-

          Area for sale x age factor

          -------------------------------------------------------------------------------------------------------------

          Minimum cost of floor under Sale                      Rs. __________/- + Rs. __________/-

          = Minimum Cost of proportionate                      

          Land + Minimum cost of Construction                  = Rs. _______________/-

          -------------------------------------------------------------------------------------------------------------

          Stamp Duty as per Circle Rate @__%                Rs. __________/-

          -------------------------------------------------------------------------------------------------------------

          Actual Stamp Duty paid in the deed                 Rs. __________/-

          -------------------------------------------------------------------------------------------------------------

 


 

-2-

 

SALE DEED FOR RS.___________/-

 

Stamp Duty                @__%      Rs. __________/-

Corporation Tax       @__%      Rs. __________/-

                                                     -------------------

Total Stamp Duty      @__%        Rs. __________/-                                                     

                                            -------------------

This Sale Deed is made and executed at New Delhi on this ___ day of  __________,  _____ by, _____________________________________________

_________________________________________, hereinafter called the “VENDOR” of the one part ;

 

                                                      IN FAVOUR OF                        

                               

______________________________________________________________________________________, hereinafter called the “VENDEE” of the other part.

 

The expression of the terms VENDOR and the VENDEE wherever they occur in the body of this Sale Deed shall mean and include them, their respective legal heirs, successors, legal representatives, administrators, executors, nominees and assigns etc. unless and until it is repugnant to the context or meaning thereof.

 

And whereas ______________________________________ was the owner of Entire Property bearing No. ___________, ______________________________

_______________________________________________________, New Delhi, and the same is bounded as under:-

 

East                :          

West               :          

North              :          

South             :          

         

AND WHEREAS in the manner aforesaid the said VENDOR became the absolute and exclusive owner of the Entire Property bearing No. ___________, ________________________________________________________________, New Delhi, which is the exclusive property of the VENDOR and the VENDOR


 

-3-

 

have full right, absolute authority to sell, dispose off and transfer the same in whole or in parts and also to develop/re-develop the same and none else except the VENDOR, have any right, title or interest in the same.

                                  

And whereas the Vendor for their bonafide needs and requirements have agreed to sell the said Entire Property bearing No. ______________________________________________________________________, New Delhi with all fittings, fixtures structure and connections standing thereon (hereinafter  referred as said property) unto the Vendee for total sale consideration of Rs. ____________/- (Rupees ____________________________________ Only) and the Vendee has agreed for the same. 

 

NOW THIS SALE DEED WITNESSETH AS UNDER: - 

1.            That in consideration for a total sum of Rs. ____________/- (Rupees ________________________ Only) which has been received by the VENDOR from the VENDEE in the following manners:-

----------------------------------------------------------------------------------------------------------------------

Sl. No.       Amt.                      Ch./DD. No/Cash       Dated              Drawn on

----------------------------------------------------------------------------------------------------------------------

 

 

 

 

 

 

 

 

----------------------------------------------------------------------------------------------------------------------

            as full and final payment, the legal receipt whereof is hereby admitted and            acknowledged by the VENDOR.

 

2.         That the physical vacant possession of the said property has been delivered by the VENDOR to the VENDEE on the spot.

           

3.         That the VENDOR doth hereby grant, convey, sell, transfer and assign all their rights, titles, interests and liens in the said property to the VENDEE and the VENDEE shall use, enjoy and hold the same in any manner as owner, absolutely and forever.

                                                                                                     

-4-

4.         That the VENDOR have undertaken and assured the VENDEE that the said entire property is free from all sorts of encumbrances, legal defects in ownership rights in the same including prior sale, gift, mortgage, prior agreement to sell, lien, lease, legal flaws, claims, court litigation, disputes, restraints, notices, charges, attachment, Wills, exchanges, injunctions, acquisition etc. and if it is ever proved otherwise or if the whole or any portion of the said property is taken away or goes out from the possession of the VENDEE on account of any legal defect in the ownership and title of the VENDOR, then the  VENDOR will be liable and responsible to make good the loss suffered by the VENDEE and shall keep the VENDEE indemnified, saved and harmless against all such losses, costs, damages and expenses including any financial loss and expenditure in getting restored through legal action etc. possession of the said property.

5.         That all the dues, demands, taxes, charges, bills etc. in respect of the said entire property shall be paid and borne by the VENDOR till today thereafter same shall be borne and paid by the VENDEE.

 

6.         That now the VENDOR admit that ____ have/has been left with no right, title, interest, claim or concern of any nature whatsoever in the said property and the VENDEE has become the absolute owner of the same and is fully competent to use, enjoy and utilise the said property in any manner without any interruption, disturbance, objection by the VENDOR or any other person claiming title through or under _____.

 

7.         That there is no subsisting Agreement to Sell in respect of the said property to the VENDEE and the same has not been transferred to any other person/s.

 

8.         That all the original / photo copies of all the relevant documents in respect of the said entire property have been delivered by the VENDOR to the VENDEE.

 

9.         That the VENDEE can get the said entire property transferred, mutated and substituted in ___ own name as owner in the records of MCD, BSES

 

 

-5-

 

Rajdhani Power Ltd., Delhi Jal Board or any other concerned authority on the basis of this Sale Deed or by presenting its Certified True Copy.

 

10.       That the VENDOR hereby declares and represent that the said entire property is not subject matter of any HUF and that no part of the said portion of the said property is owned by any minor.

 

11.       That the VENDOR hereby assure the VENDEE that ____ have/has neither done nor been party to any act whereby _____ right and title to the said entire property may in any way be impaired or whereby _____ may be prevented from transferring the said entire property.

 

12.       That any error or omission or mis-description of the property under sale regarding the numbers or any reference to the number of documents, books, volumes or pages of the Registrar’s office, regarding the title deeds of the said property shall not annul the sale deed and if such error or mis-description is material one, the VENDEE will be entitled to get it removed by the VENDOR by obtaining further necessary deed of assurance or supplementary deed.

 

13.       That as and when the VENDOR will be required for completion of any acts, deeds and things necessary for more perfectly transferring of _____ title in the above said entire property in favour of the VENDEE, the VENDOR shall present at the required place and will do all acts, deeds and things as required by the VENDEE, at the costs and expenses of the VENDEE.

 

14.       Relying upon the aforesaid representations and believing the same to be true and correct and acting on the faith thereof, the Vendee have agreed to purchase the said property and the Vendor does hereby keep the Vendee indemnified for all losses and damages that the Vendee may suffer because of any defect in the title of the Vendor.

 


 

-6-

 

15.       That the contents of these presents are true and correct and if at any time hereafter the assurance and contents hereinabove are found to be incorrect due to any defect in the title of the VENDOR or ____ rights to sell the said property hereby conveyed or any part thereof and the VENDEE suffer any loss, then the Vendor shall be liable to make the good loss thus suffered by the VENDEE and keep the VENDEE  saved, harmless and indemnified through ______ other property and assets, both movable and immovable, against all losses, cost, damages and expenses occurring thereby to the VENDEE.

   

16.       That the VENDEE has paid the cost of stamp duty, transfer duty and registration fee in respect of this Sale Deed.

 

17.       That the VENDOR and the VENDEE are Citizens of India. 

 

18.       That this transaction has taken place at New Delhi and as such Delhi Courts shall have exclusive jurisdiction to entertain any dispute arising out or in any way touching or concerning this deed.

 

IN WITNESS WHEREOF, the VENDOR and the VENDEE have signed this Sale Deed at New Delhi on the day, month and year mentioned above in the presence of the following witnesses:-

 

WITNESSES

1.                                                                                 VENDOR

 

 

 

 

 

 

 

 

2.                                                                                 VENDEE

 

 

        

 

 

No comments:

Post a Comment