The sale of a property allows for an immediate transfer of ownership. A sales number facilitates the transfer. The deed relates to an executed contract. In general, real estate has a higher value than real estate because it includes sales related to complex procedures. The sale of the property also requires a detailed description and understanding of the entire process and roles of the parties. Therefore, the first step in the sale of real estate is to develop a purchase agreement. Please note that the transfer of “property rights” is also done by executing other legally accepted documents, such as – the gift deed, the waiver deed, will, etc., with other than the limited right granted to purchasers under Section 53A, any sale that does not meet the requirements of Section 54 and 55 of the “Transfer of Act Property” does not lend the title or transfer the interest of the property to the buyer. The contract of sale and the deed of sale are two equally important documents. The distinction between these two documents is not known to all and the two are considered synonymous. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation.
Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. A purchase agreement contains the terms of a contract that must take place between the buyer of a property and its seller. The purchase agreement also mentions the price offered, the advance paid and other payment details. A purchase agreement highlights the terms of a future contract and does not give the buyer any ownership rights. Under the Indian Registration Act of 1908, the sale of real estate worth more than a hundred rupees requires registration. Therefore, if a buyer buys a property as part of a sale agreement, but does not pursue it with the execution of a deed of sale, he is not entitled to the property. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries (P) Ltd (2) v. State of Haryana, while examining the validity of the sale of real estate by proxy, has done as a sub: A sales document is an accepted property document, registered by the country`s civil courts.