A conveyance deed is a document that is presented to assert legal ownership on a movable or immovable property to the other party. This legal document is a proof of transfer of ownership whenever the act of selling, gifting, mortgaging, leasing or exchanging takes place in the favour of the buyer.
As mentioned above, a conveyance deed is an important document and here is why conveyance deed is required. Since the document records transfer of ownership of properties, it acts a bank of the following information:
- All the property details with detailed demarcation of boundaries
- Rights and rules for the property and its usage
- It has record of chain of title and all the legal rights of present seller
- It records the method of delivery of the property, i.e., selling, gifting, mortgaging, leasing, etc.
- A declaration and memo of consideration about the receipt of property
- All the terms and conditions related to property are listed in a conveyance deed.
Now that you know the importance of conveyance deed, here is a list of documents required to be submitted to the sub-registrar in your area along with the conveyance deed.
- 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
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Why conveyance deed is required?
Sushant
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4 Year
2021-04-07T13:44:38+00:00 2021-04-07T14:16:47+00:00Comment
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