Sale Deed

SALE DEED This SALE DEED is executed at [place_of_execution] on [execution_date] BETWEEN [seller_name], [seller_relation] of [seller_father_name], residing at [seller_address], hereinafter referred to as "the SELLER" (which expression shall, unless repugnant to the context, include the Seller's heirs, executors, administrators, legal representatives and assigns) of the ONE PART; AND [buyer_name], [buyer_relation] of [buyer_father_name], residing at [buyer_address], hereinafter referred to as "the BUYER" (which expression shall, unless repugnant to the context, include the Buyer's heirs, executors, administrators, legal representatives and assigns) of the OTHER PART. RECITALS A. The Seller is the absolute, sole and lawful owner of the immovable property more particularly described in the SCHEDULE below (hereinafter "the Scheduled Property"), having acquired the same by way of [prior_title_document]. B. The Seller is in peaceful, uninterrupted and exclusive possession and enjoyment of the Scheduled Property, and has a clear and marketable title thereto. C. The Seller has agreed to sell and the Buyer has agreed to purchase the Scheduled Property, free from all encumbrances, for the consideration and on the terms recorded below. NOW THIS DEED WITNESSETH AS FOLLOWS: 1. SALE AND CONSIDERATION 1.1 In consideration of the sum of Rs. [sale_consideration] (Rupees [consideration_in_words] only) paid by the Buyer to the Seller by way of [payment_mode], the receipt of which the Seller hereby admits and acknowledges in full and final settlement, the Seller hereby sells, conveys, transfers, assigns and assures unto the Buyer the Scheduled Property. 1.2 The Seller confirms that no part of the consideration remains outstanding and that the Seller has no lien, charge or claim of any nature over the Scheduled Property after execution of this Deed. 2. TRANSFER OF TITLE The Seller hereby transfers to the Buyer ALL the estate, right, title, interest, claim and demand whatsoever of the Seller in the Scheduled Property, TO HAVE AND TO HOLD the same unto the Buyer absolutely and forever, together with all rights of way, easements, privileges and appurtenances belonging thereto. 3. DELIVERY OF POSSESSION The Seller has, simultaneously with the execution of this Deed, delivered vacant, peaceful and physical possession of the Scheduled Property to the Buyer, and the Buyer acknowledges having taken such possession. 4. COVENANTS AND WARRANTIES OF THE SELLER The Seller covenants with the Buyer that: 4.1 The Seller has good right, full power and absolute authority to sell and convey the Scheduled Property; 4.2 The Scheduled Property is free from all encumbrances, mortgages, charges, liens, attachments, gifts, leases, trusts, litigation, acquisition, requisition, court injunctions, and claims of any nature whatsoever; 4.3 There are no dues, taxes, cesses, or outgoings payable in respect of the Scheduled Property up to the date of this Deed, and any such dues relating to the period prior to this date shall remain the Seller's liability; 4.4 The Buyer shall hereafter peacefully and quietly hold, possess and enjoy the Scheduled Property without any interruption, claim or demand from the Seller or any person claiming through the Seller; 4.5 The Seller shall, at the Buyer's request and at the Seller's cost, execute and do all such further acts, deeds and things as may reasonably be required to perfect the Buyer's title to the Scheduled Property. 5. INDEMNITY The Seller agrees to indemnify and keep the Buyer fully indemnified against all losses, costs, damages and expenses that the Buyer may suffer by reason of any defect in the Seller's title, any breach of the covenants above, or any claim by a third party in respect of the period prior to the date of this Deed. 6. STAMP DUTY, REGISTRATION AND TAXES 6.1 The stamp duty and registration charges payable on this Deed shall be borne by the Buyer, unless the parties have agreed otherwise in writing. Stamp duty is levied at rates prescribed by the State in which the Scheduled Property is situated and varies between States. 6.2 This Deed is compulsorily registrable under Section 17 of the Registration Act, 1908, and shall be presented for registration before the jurisdictional Sub-Registrar of Assurances. 6.3 Where the consideration is Rs. 50,00,000 or more, the Buyer is responsible for deduction of tax at source under Section 194-IA of the Income-tax Act, 1961 and for depositing the same with the Central Government. 7. GOVERNING LAW This Deed shall be governed by the laws of India, and the courts having jurisdiction over the location of the Scheduled Property shall have exclusive jurisdiction. SCHEDULE OF PROPERTY [property_description] Admeasuring: [property_area] Bounded as follows: [property_boundaries] IN WITNESS WHEREOF the parties have set their respective hands to this Sale Deed on the day, month and year first above written, in the presence of the witnesses named below. SELLER BUYER [seller_name] [buyer_name] WITNESSES 1. Name: ______________________ Signature: ______________ Address: ______________ 2. Name: ______________________ Signature: ______________ Address: ______________