Who goes with sales deed & conveyance deed?
Querist :
Anonymous
(Querist) 18 October 2022
This query is : Resolved
Sir my query is, I have purchased 2 plot, one from allotee where I have done Conveyance deed registered. 2nd plot, I have made sale deed registered. I don't understand which one is correct? kindly help
T. Kalaiselvan, Advocate
(Expert) 18 October 2022
If you have purchased two separate properties from two separate parties by two separate registered sale/conveyance deeds, then both are legally valid.
However without seeing the documents or knowing more details of your purchase, no further opinion may be possible to your query.
N.K.Assumi
(Expert) 18 October 2022
Both are correct, but conveyance deed is used when there is actual transfer of ownership by one person to another, where as sale deed is usully used when there is conditional provisions without actual transfer of ownership, and once the conditional provisions are completed Conveyance Deed is executed or a Sale deed.
Querist :
Anonymous
(Querist) 18 October 2022
Thank you experts, I got my answers.
kavksatyanarayana
(Expert) 18 October 2022
Under Sec.2(10) of I.S.Act, 1899, a Conveyance included a conveyance on sale, every instrument, and every decree or final order of any Civil Court, every order made by the High Court under Section 394 of the Companies Act, 1956 in respect of amalgamation or merger of companies by which property, whether movable or immovable, or any estate or interest in any property is transferred to, or vested in or declared to be of any other person, inter-Vivos, and which is not otherwise specifically provided for by Schedule-I or IA as the case may be. And “Sale” is a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised. Such a transfer, in the case of tangible immovable property of the value of one hundred rupees and upwards, or in the case of a reversion or other intangible thing, can be made only by a registered instrument.
