Sale Deed
/seɪl diːd/
Property Law Term
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Definition
A legal document transferring ownership (title) of immovable property from seller to buyer in exchange for consideration. Under Section 54 of the Transfer of Property Act, 1882 and the Registration Act, 1908, a sale of immovable property valued above Rs. 100 must be by a registered sale deed executed before a Sub-Registrar. Without registration, no legal title passes to the buyer.
Examples
Case Study
In Suraj Lamp & Industries v. State of Haryana (2012), the Supreme Court held that property transfer through General Power of Attorney and Agreement to Sell (without a registered sale deed) does not create legal title. This ruling curbed widespread evasion of stamp duty and registration requirements.
Key Cases
Suraj Lamp & Industries v. State of Haryana
2012(2012) 1 SCC 656
GPA-based property transfers do not create or extinguish legal title. Only a registered sale deed conveys title. Curbed evasion of registration and stamp duty through GPA transactions.
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