There are various documents involved in the process of buying and selling properties but what is deed of conveyance? If you are unsure, I will help you know everything, from what is it, what is the importance of a conveyance deed, what does it include and much more.A conveyance deed is a legal written document that records transfer of legal ownership on a property, movable or immovable, to the other party. This legal document asserts transfer of ownership in the form of selling, gifting, mortgaging, leasing or exchanging in the favour of the buyer. In a conveyance deed you can find the following information:
Property details
Power of attorney (if applicable)
Rights and conditions of property usage
Date of possession
Signature of both the parties and two witnesses
You can draft the deed of conveyance on a non-judicial stamp paper and submit it to the sub-registrar’s office in your area along with the following documents.
Registered sale agreement
Mutation entries/ Property card
Property location plan
City survey plan
Property layout documents
Approved building or structure plan
Commencement Certificate
Completion Certificate
Occupancy Certificate
Proof of payment of Stamp Duty
Registration proof
Often, the terms sale deed and conveyance deed are used interchangeably. However, there is a significant difference between them. A sale deed can be considered under the broader umbrella of conveyance deed as it is a legal document for transfer of ownership of the property whereas, a conveyance deed also includes mortgage deed, gift deed, relinquish deed, etc.I hope this answer cleared doubts around what is deed of conveyance.
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What is deed of conveyance?
Hitesh
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March 15, 2021
2021-03-15T14:30:36+00:00 2021-03-15T18:26:44+00:00Comment
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