Ranjan (founder) 09 January 2014
Sheena Bajaj (CA) 22 May 2014
ok, ranjan will you please reply me on this, I am a purchaser of a property & My Agreement for Sale is Registered with Full Stamp Duty while it was under construction showing the Possession Not Occupied.
Is It required to be converted into Sale Deed. WHY??
Shreesh Khandekar (director) 27 June 2014
After reading this one question struck in to my mind that- what is the use of agreement for sale? can this be used in place of sale deed?
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Adv. Mandar Pimpalkhare (Advocate) 05 May 2015
i agree with Mr. chirag he has explained the terms in details
Mr. Dennis Salve execution of sale deed is not at all concerned with other flat owners, when you have paid all dues and amounts for your flat you need to get sale deed executed for the said flat.
Registration of housing society is other part.
Pravin Jadhav 02 September 2015
@ Shreesh - Usually it takes time to complete the construction and builder takes part payment depending on stage of construction. So to safeguard the interest of both parties like time for completion, payment process conditions , penalty for delayed payment etc. sales agrrement is done.
Pravin Jadhav 02 September 2015
@Venkat - while it is true that you will get sales deed as final document but if you are applying for loan then the company panel advocate may raise the query due to difference in agreement to sale and sales deed.
anu hebalkar 05 October 2015
Hello,I have purchased a flat from a builder in pune and registered a agreement to sale with full stamp duty.As per the terms i have paid full amount to builder and have taken the possession of flat.I am paying light bills in my name and also paying pune corporation tax bills in my name.Sale deed in betwween builder n me is not yet executed.Whether i can sale my flat to a potential buyer who also wants to obtain bank loan.
adv.bharat @ PUNE (Lawyer) 24 July 2016
Agrement to sale is done by paying part of consideration.
After full payment by loan or other way sale deed is done.
Lastly Deed of transfer is done to transfer interest in property.
ravi 03 July 2018
Can I treat agreement of sale as sale deed if developer transfers the property without having sale deed for the purpose of calculating capital gains.
Thanks in Advance...
Zeta Teresa Pereira 21 January 2020
An agreement of sale can be defined as a memorandum of agreement deed where the terms and conditions of a potential contract of sale are mentioned along with the offered consideration and payment details.
Sale deed is a document which transfers the rights of a party with a property of another property. It is mainly drafted as a continuation of the agreement of sale. All the terms a nd conditions which are mentined in the agreement of sale will be satisfied and observed in the sale deed.
Deed of assignment is a legal document that transfers the interest of the owner of that interest to the person to whom it is assigned, the assignee. When the ownership is transferred, the deed of assignment shows the new legal owner of the property.
Hope this clears your doubt.