Document background
A Real Estate Bill of Sale is a fundamental legal instrument used in Indian property transactions to document and formalize the transfer of real estate ownership. This document is essential when any immovable property is being sold and transferred from one party to another in India. It must comply with the Transfer of Property Act 1882, Registration Act 1908, and various state-specific real estate regulations. The document includes crucial information such as property details, consideration amount, payment terms, and ownership transfer conditions. It requires mandatory registration at the Sub-Registrar's office and appropriate stamp duty payment as per state laws. The Bill of Sale serves as conclusive proof of the transaction and is often required by banks, government authorities, and future buyers as evidence of proper property transfer.
