When it comes to cancellation deeds in India, here’s what you need to know:
Cancellation Deed:
A cancellation deed is used to
terminate or cancela previously registered property document, such as a sale deed.
It is essential to follow the legal process to cancel a deed properly.
Original vs. True Copy:
Ideally, the
original cancellation deedshould be submitted for cancellation. However, there are situations where the original cannot be provided due to security concerns or other reasons.
In such cases, a
certified or true copyof the cancellation deed can be submitted instead.
A true copy is a
duplicateof the original document, certified by the competent authority. It holds the same legal validity as the original.
Two Agreements:
Having
two agreements(one original and one true copy) is not a common practice for cancellation deeds.
Instead, focus on creating a
well-drafted cancellation deedthat clearly states the reason for cancellation, property details, and the parties involved.
Ensure that the cancellation deed is
properly stampedand follows the legal requirements.
Process:
Draft the
cancellation deedwith all relevant details, including the reason for cancellation and property identification.
Pay the
stamp dutyfor the deed.
Submit the
cancellation deed(either original or true copy) to the relevant authorities.
If the court issues an order for cancellation, it will be recorded accordingly.
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Whether original cancellation deed needs to be physically submitted or true copy will do? Seller needs original copy with themselves for their security, so we cannot submit originals. Can we have two agreements in such a case?
Nilesh jain
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1 Year
2024-02-09T12:18:12+00:00 2024-02-09T12:18:13+00:00Comment
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