Understanding Different Types of Property Transactions

Read Time:-2 Min

When it comes to property transactions, several factors need to be considered; each comes with specific rules and paperwork. Here's a simple guide to help you understand them:

Types of Property Transactions

Sale Deed

A sale deed is a document that records a property's ownership.It proves the buyer owns the property and has legal rights to it. The property should be free from legal disputes or issues.

Gift Deed

A gift deed transfers property ownership as a gift, with no money involved. The recipient becomes the owner, and the giver gives up all rights to the property. The giver must own the property and must give it voluntarily, without pressure.

Mortgage Deed

It is used when a property is provided as security for a loan. The borrower must own the property and agree to the mortgage terms.


Rights and Responsibilities of Buyers and Sellers
Buyers

Rights: Buyers have the right to know the property details, which include clear titles and accurate condition details. They also have the right to know the legal status of the property and its registration under their name.

Responsibilities: The buyers are responsible for verifying the seller's ownership and legal status of the property.

Sellers

Rights:

Sellers are entitled to receive the agreed payment for the property and can expect the buyer to meet their responsibilities as outlined in the sale deed.

Responsibilities

Sellers are responsible for providing accurate information about the property, including disclosing any encumbrances, ensuring a clear title, and coordinating with buyers on registration requirements.

 

For more insights and updates, follow us to stay informed and ahead in your property journey.



Join The Discussion

Related posts
Gold vs Land: Which Is the Better Investment for 2026?

Gold and property are traditionally the two things that Indians believe in to create their wealth.

Continue Reading
Why Pollution Forces People to Opt for Land and Second Homes Closer to Nature

In the last few years, the air quality in cities like Pimpri Chinchwad, Pune, and Mumbai has continued to deteriorate gradually.

Continue Reading
What Paperwork Do You Need When Purchasing Rural Property

Buying land in a village or rural area can be different from buying a flat in a city. To make sure your purchase is safe and legal, you need some important documents.

Continue Reading
Tags
Bhunaksha, genuine plots, Land For Sale, Maharashtra Bhunaksha, plots for sale, Gunthewari, Gunthewari Land, Gunthewari Rules, Extract Documents, Plots and Lands, Saat Baara, Extract Saat, Baara Utara, Jamabandi, property tax payments, Gram Panchayat, lower prices, non-agricultural land, Lower Investment Cost, Gram Panchayat lands, Fresh Land Settlements, Growing demand, affordable homes, genuine p, legal Land, bungalow plots, Konkan, Maharashtra, Purandar, Pune, Karnataka, Bangalore, Farm Land, Kolkata, Rajarhat, Indore, Chhatrapati Sambhajinagar, Aurangabad, Mundhwa, Agricultural Land, Farmhouse Plot, Rules And Penalties, Residential Plots, NA PLots, Residential NA Plots, Commercial NA Plots, Animal Husbandry Land, Tathawade, Vahivat Land Maps, Vahivat, Indian Land Records, Ownership Rights, Red zone, PCMC, Dehu Road, Land Registration Rules, Land Investing, Infrastructure Growth, Land Ownership, Land Encroachment, Panshet Dam, Varasgaon Dam, Verified Land, Plot For Sale, Land Investment, Verified Plots, Land Acquisiton, Hydrological Survey, Invest In Land, Verified Land Plots, Panshet, Khadakwasla, Land Rules, Dakhil Kharij, Land Registry, Property Onwership, Clean Title Check List, Property Verification, Digital Registry, Farm Plots, Agro Property, Land Value Growth, Urban Expansion, Senapati Bapat Road, Registered Land, Agricultral Plot, Purandar Airport, Safe Investment, Secure Property, Plot Buyers, Approved Plots, Land ROI, NA Approved Plots, NA Land, Welspun One, Logistic Park, Talegaon, PMC Bharat Mandapam, Urban Development, Lohgaon, Close To Nature, Gated Community Plots, Buy Land VS Gold Investment,
WhatsApp Icon
WhatsApp
enquiry Icon
Enquiry Now
subscribe Icon
Subscribe Now