After the approval of the deed of sale, the lawyer will receive in the next step the deed printed on an extra-judicial stamp document in the value indicated by the government. On October 31, 2020, a 40-year-old man was arrested by Noida police for defrauding a bank of two Crores Rs., falsifying sales documents and borrowing. On the same day, Madurai Principal Sessions Judge G Ilangovan granted early bail for document registration without prior verification to two sub-registrars arrested by the Dindigul District Crime Branch. According to the police, they registered the deed of sale without checking the certificate of hardship, as well as the original documents, parental documents, death certificate, etc. The above definition makes it clear that a contract of sale contains a promise of future transfer of a property in question if certain conditions are met. This agreement itself therefore does not create any right or interest in the property for the proposed buyer. The deed of sale is a legal document that defines the conditions of the sale. It is executed by the seller and the buyer for the transfer of ownership of the property. It describes important information about the price to pay, the description of the property, how and when the owner is transferred to the buyer, etc.
It is an essential document, because it is proof of ownership of the property. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. The Transfer of Property Act, 1882, which governs matters relating to the sale and transfer of immovable property, defines the contract of sale or a contract of sale as follows: a certificate of sale must be registered within four months from the date of performance in accordance with the Registration Act 1908. Registration is carried out by the Sub-Registrar of Insurance of the jurisdiction in which the property is purchased The Supreme Court has also reaffirmed the importance of the contract of sale between the contracting authority and the buyer, since it recently decided that the period of allocation of a housing unit to a buyer of a house from the date of the contracting authority-buyer contract and not from the date of registration of the project under the law on real estate (regulation and development), 2016. The Tribunal also ordered the rera authorities to order the payment of compensation to the contracting authority under the contract of sale, the sanctity of which was confirmed by that order. . . .