Don’t delay getting a Conveyance Deed

Kunal Madan

Acquiring a property is probably the biggest decision that most of us make in our life, so it’s necessary to be on point with our research and precision with all legal terms. A Conveyance Deed is essentially one wherein the seller signs a document stating that all authority and ownership of the property in question has been transferred to the buyer. This comes under the ambit of the Registration Act and is an important document for the buyer and seller both. This is made on a non-judicial stamp paper and all points of the agreement to sell are duly mentioned herein. Generally a layman is confused about the difference between a Sale Deed and a Conveyance Deed. But remember that   all Sale Deeds are Conveyance Deeds but not the other way round. Gift deeds, exchange deeds, lease deeds or mortgage deeds are also types of conveyance deeds.   

Right time to get the deed 

There is a common phrase  “the sooner the better”. Therefore, it must be top priority  for the buyers/allottee/lessee of the property to get the Conveyance Deed done at the earliest. As only after Conveyance Deed in his name does a buyer get full rights over a property, it automatically becomes  an important legal formality. In  case any dispute occurs after buying this property then without Conveyance Deed, the buyer may lose the right on the property. Hence, for the buyer it is must to get executed as soon as possible.

Common mistakes to avoid

The names of both the parties, addresses, details of the property should be thoroughly checked and cross checked to avoid any problem later on.

Delaying is another common mistake that many buyers make. The registration of Conveyance Deed is required to be done under Registration Act, 1908 which involves lengthy process as well as lots of documentation work to get the deed registered. 

 The deed has to be signed by two witnesses and the buyer should make it a point to have the details of these witnesses with him for any future crisis.

After being signed it has to be registered at the local sub-registrar’s office by paying the registration fee.

Stipulated time for getting the Conveyance Deed

In case of purchase of a flat from a private builder, the Conveyance Deed has to be made within three years from the date of purchase.  

In case of purchasing a property from government authorities like DDA etc, the buyer can move a writ petition which does not have limitation period but it is advisable to move within reasonable time.

This document is the final  document which proves the ownership, and the buyer must exercise due diligence  to get it executed with assurance of completion in all respects.

— The writer is Solicitor & Advocate, Delhi Hight Court, KMA Law Firm