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Understand and access the Registered Sales Deed of any state of India with VIS

A Registered Sales Deed is a legal contract signed by the seller and the purchaser, It acts as proof of the sale and transfer of property ownership. During the transaction process, both parties will sign a deed that is registered according to the Registration Act, of 1908, and it will be signed after both parties have agreed to the mentioned terms and conditions in the agreement. The sales deed is an essential document for both parties.

Components of a Registered Sales Deed

There are several components that are included in a draft of the sale deed while drafting, and those components are as follows:

  1. Details of Seller & Buyer: Every detail of the seller & buyer is recorded in the sales deed like their names, addresses, ages, contact numbers, etc.
  2. Property Details: This section includes the subject property's details like its address, area, dimensions, construction details, layout plan, etc. 
  3. Protection Clause: A clause such as this is added to a property to ensure that the seller makes the buyer free from previous taxes, loans, and charges. The seller will also pay off any mortgages and loans before finalizing the sale.
  4. Payment Details: The price at which the owner will sell the property should be specified in the sale deed. Even the method of payment is also mentioned how the amount will be made for the property purchase. In the sale deed, standard payment methods such as bank transfer, check, and cash are clearly described. 
  5. Possession of Property: The date is also mentioned in the sales deed on which the buyer will take possession of the property.
  6. Witnesses of the Property:  Two witnesses are required to sign the sale deed, namely, one witness from the buyer's side and one from the seller's side. The witness must provide their full name, address, age, and other required details.

Furthermore, in the sale deed, the property seller must disclose some mandatory information to the buyer. Disclosures include defects in the property related to materials, declaration of disputes, and clearance of taxes and other charges associated with the property. Due to the fact that all rights and obligations of both parties are spelled out in detail in the sale deed, its implementation reduces both parties' risk.

 

Why is the Registered Sale Deed Important?

There are several reasons which make the registered sales deed important which are as follows:

  • The registered sales deed of the particular property creates transparency between the buyer and seller.
  • Registered sales deed reduces the risk of being exploited by fraud sellers in the real estate market.
  • Through the Registered sales deed, the information about buying and selling is recorded in legal documents, prescribed by law.

 

How does VIS help in finding the Registered Sales Deed of any State?

 

VIS stands for Valuation Intelligent System, the only platform in India nowadays which is the whole and sole solution for everyone while finding the Registered Sales Deed of several states & Union territories in India with a single click. The VIS is a platform that is the first valuation system in India to do such a thing.

The best part about VIS is that it has an easy-to-use interface which makes it user-friendly. It helps us in finding the sales deed which helps while doing the valuation of the property. 

Using the VIS, the users don't have to visit several government websites in order to get the sales deed of different states and union territories. This makes their work more accessible and more convenient by eliminating the need to visit several websites.