This deed of Sale is executed on 14th of March 2020 by Sri./Smt. ______, S/o./ W/o. _________, occupation ________, and aged __ years, residing at ______Address_____(herein after called the SELLER)
In favor of
Sri./Smt. ______ S/o./W/o. ________, occupation ______, aged __ years, residing at ____Address____ (Herein referred to as the BUYER)
Whereas, the term Seller and Buyer shall mean and include their representative’s heirs, successors, executors, administrators, trustees, legal representatives and assigns.
Whereas, the Seller herein is the sole and absolute owner of the immovable property [DESCRIPTION OF PROPERTY]
Whereas the Seller is the absolute owner, having acquired the property, By [means of acquiring] and [description about possession] [taxing terms].
Whereas the Seller has decided to sell the said property to the buyer as the gift in consideration of an amount [state amount].
NOW THIS DEED WITNESSETH that the Seller, on payment of [amount] as consideration made by Buyer hereby sell the property situated at Mahatma Gandhi Marg, Civil Lines, Prayagraj together with all the things permanently attached to the property or standing thereon and all the liberties, privileges, easements and advantages appurtenant thereto and all the estates, rights, title, interest, use, inheritance, possession, benefits, claims and demand of the Seller TO HAVE AND TO HOLD the same unto the use of the Buyer absolutely but subject to the payment of all taxes, rates, assessments, dues and duties now and hereafter chargeable thereon to the Government or local authorities.
Whereas the Seller hereby agree with the Buyer the following;
(a) The Seller has absolute ownership in the property.
(b) The Buyer is entitled to take possession of the property and enjoy it.
(c) The Seller and his legal heirs have absolutely transferred every interest in the property and shall allow the peaceful possession of the buyer in the said property.
(d) An amount of 20,0000 is to be paid as the stamp duty for the purpose of purchase by 20,000 on 14/3/2020.
SCHEDULE OF THE PROPERTY
All the piece and parcel of immovable property
Bearing No. ______
Measuring _______ square feet
Bounded by:-
On the East: 6 ft. Road
On the West: _________
On the South: _________
On the North: A narrow road
Market value of the property transferred under this deed is Rs. 50, 0000 (Rupees Fifty Lakh only).
The Stamp duty is paid on the market value as computed above.
IN WITNESS WHEREOF the seller, as well as the buyer, have jointly agreed to the terms of this sale on the date mentioned above.
WITNESS 1: ______
WITNESS 2: ______
SELLER ______
BUYER ______
