A Sale Deed, also known as a Conveyance Deed or Transfer Deed, is a legal document that formally transfers the ownership of a property from one party (the seller or transferor) to another (the buyer or transferee). It is a crucial document in real estate transactions and serves as evidence of the transfer of ownership rights.

Here are the key components typically found in a Sale Deed:

1. Parties Involved: The Sale Deed identifies the seller (transferor) and the buyer (transferee) by their names, addresses, and other identifying details.
2. Property Description: Detailed description of the property being transferred, including its address, boundaries, dimensions, and any relevant identification numbers (such as survey numbers or property tax numbers).
3. Sale Consideration: The agreed-upon sale consideration, which is the monetary value or price at which the property is being sold, will be mentioned in the deed. This can be in the form of cash, cheque, demand draft, or any other acceptable form of payment.
4. Rights and Liabilities: The Sale Deed outlines the rights, title, and interest being transferred from the seller to the buyer. It also specifies any encumbrances, mortgages, or liabilities attached to the property.
5. Warranties and Covenants: The seller may provide warranties and covenants regarding the property's title, possession, and legality. These warranties assure the buyer that the seller has the legal right to sell the property and that there are no undisclosed defects or disputes.
6. Signatures and Witnesses: The Sale Deed must be signed by both the seller and the buyer, as well as by witnesses who attest to the execution of the deed.
7. Stamp Duty and Registration: Sale Deeds are subject to stamp duty, which is a tax levied by the state government based on the property's value. The deed must be stamped with the appropriate stamp duty before it can be registered. After stamping, the Sale Deed must be registered with the local Sub-Registrar Office or Registrar of Assurances. Registration provides legal validity to the deed and ensures its enforceability against third parties.
8. Delivery of Possession: If possession of the property is being transferred along with the ownership rights, the Sale Deed may include provisions regarding the delivery of possession to the buyer.

Once the Sale Deed is executed, stamped, and registered, it serves as conclusive proof of the transfer of ownership of the property from the seller to the buyer. It is essential for both parties to carefully review and understand the terms and conditions of the Sale Deed before signing to avoid any future disputes or legal issues.