Registered sale deed

KAUSHAL SHARMA (Querist) 12 April 2014 This query is : Resolved
Dear Sir,
Is a revenue stamped receipt of consideration amount is necessary document in Sale Deed transaction by the purchaser?

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Devajyoti Barman (Expert) 12 April 2014
Yes but the deed can not be exhibited in a suit unless you pay the deficit stamp duty.

ajay sethi (Expert) 12 April 2014
yes it is necessary

R.K Nanda (Expert) 12 April 2014
yes, it is must.

SURESH BV, Advocate (Expert) 12 April 2014
Dear Kushal Sharma,

In a registered Sale Deed transaction, there will be necessarily a recital regarding receipt of consideration amount. If the registered Sale deed clearly specifies about the receipt of sale consideration amount, there is absolutely no need of a separate "REVENUE STAMPED RECEIPT". When the sale deed is presented for registration before the Registrar and when the deed is registered, the parties will also admit the execution of the Deed. Hence, there is absolutely no need of demanding or getting a separate "REVENUE STAMPED RECEIPT".

Rajendra K Goyal (Expert) 12 April 2014
If in the recital of sale deed the fact of payment is mentioned, no need of separate receipt, however if separate receipt is taken revenue stamp is required.

KAUSHAL SHARMA (Querist) 13 April 2014
thanks suresh Ji,

T. Kalaiselvan, Advocate (Expert) 13 April 2014
Yes, agreed with the experts that if there is a recital in the registered sale deed about the receipt of sale consideration amount, it will be an ample proof for the valid financial transaction.

R.V.RAO (Expert) 13 April 2014
yes.agree with experts .A clear recital in sale deed about receipt of full consideration is enough .

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