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This absolute rule is subject to the exception of Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the purchaser`s possession if the purchaser has entered into possession of the property that is the subject of the transfer, while fully acquiring its portion of the contractual obligation. It should be noted that Section 53A provides the proposed purchaser with a shield against the seller and prevents the seller from disrupting the purchaser`s property, but it does not cured the buyer`s property. The property`s ownership remains in the hands of the seller. A sale agreement can generally be defined as an agreement listing the terms of a possible sales contract, as well as the counterparties and payment details offered. When selling the property, this is one of the important documents, because the deed of sale is based on it. It allows the sales process smoothly by explaining step by step. This helps to improve understanding between the parties and their specific roles in sales. The sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. If the transfer of a property is at a later date and is subject to other conditions, it is called a sales contract. A sales contract is for sale if the terms and conditions are met or if the time elapses before the property can be transferred.
We can conclude that a deed of sale occurs if it is subject to an immediate transfer of the property. If not, it is a sale agreement. In this blog we will continue to examine the differences between the agreement for the sale and the deed of sale. Under the Indian Registration Act of 1908, any interest transfer agreement must be registered on property worth more than 100 rupees. Therefore, if you purchased a property for sale as part of an agreement without a good state of sale, you will not receive any right or interest in the property that would be transferred under the sale contract. Please let me know that if you have an agreement on the purchase/sale of its land/farmland, if GSS was applicable to the contract itself? A deed of sale is a document that effectively transfers the rights attached to a property from one party to another. It is generally designed as a continuation of the agreement for sale.