THIS DEED
OF SALE is entered into this
.. day of
. 20
..
By
Mr. / Mrs.
S/O / W/O / D/O
.
Aged about
........ Years
Residing at
..
Hereinafter referred to as the VENDOR (which expression shall
mean and include his/her heirs, successors, administrators,
executors, assigns are any one claiming or under him/her)
IN FAVOUR OF:
Mr. / Mrs.
S/O / W/O / D/o
Aged about
...... year
Residing at
Hereinafter referred to as the PURCHASER (which expression
small mean and include his / heirs, successors, executors,
administrators or any one claiming through or under him /
her);
WHEREAS the Vendor is the absolute owner in possession of
property bearing No
. which is fully described in the schedule
hereunder written and herein after referred to as the schedule
property.
WHEREAS the Vendor herein was desirous of selling the schedule
property and the purchaser is desirous of buying the same
on the terms and conditions below mentioned.
NOW THIS DEED OF SALE WITNESSES AS UNDER:
1. In consideration of a sum of Rs
/- (Rupees
..only)
paid by the Purchaser to the Vendor by Demand Draft / Cheque
etc
.bearing No
dated
.drawn on
Bank,
the Vendor, as the absolute owner in possession of the property
bearing No
do hereby sells, conveys, transfers the rights,
title and interest in the property bearing No
.(fully described
in the schedule hereunder and hereinafter referred to as the
SCHEDULE PROPERTY) absolutely and free from all encumbrances
in flavour of the purchaser herein along with the rights,
privileges and appurtenance of whatsoever nature in or to
the schedule property together with all rights, title, interests
claims and demands of whatsoever nature of the vendor herein
to or upon the schedule property hereby conveyed and every
part thereof to hold the same unto the purchaser absolutely.
2. The vendor assures the purchaser that he/she is
the absolute owner in actual and exclusive possession of the
schedule property having a marketable title thereto and that
no other person has any right, title or interest in or upon
the schedule property.
3. The vendor hereby undertakes to unconditionally indemnify
the purchaser against any defect in the title or against any
claim or demand whatsoever in respect of the schedule property
including the costs/expenses of litigations, if any that may
be incurred by the purchaser to defend his/her title to the
schedule property.
4. The vendor shall pay and bear all taxes, cesses,
rates and other outgoings including debts, if any, in respect
of the schedule property prior to the date of this deed.
5. The vendor has this day put the purchaser in possession
of the schedule property and he / she has also handed over
to the purchaser all the documents of title pertaining to
the schedule property along with a list thereof.
6. The vendor further undertakes to execute at the cost
of the purchaser such other and further documents in favour
of the purchaser, to more perfectly convey the schedule property.
7. The vendor further convents that the schedule property
is free from all encumbrances and is not the subject matter
of any proposed or existing acquisition, requisition or reservation
proceedings by any Public Body
SCHEDULE
IN WITNESS WHEREOF, the vendor has signed and executed this
deed of absolute sale on the day, the month and the year first
mentioned above.
WITNESSES:
1
VENDOR
2
NOTE:
1. If the sale consideration is above
lakhs then permission
of the Income Tax Authority under Section, 230A of the Income
Tax required to be obtained by the Vendor.
2. Whenever applicable NOC under Chapter XXC of the
Income Tax Act to be obtained.
3. The document, has to be stamped in accordance with
the applicable Stamp Act and registered if value exceeds Rs
../-.
