The buyer is the individual who exchanges money for the right to acquire a piece of property. 2. The proof of the genuineness of a document is proof of the authorship of the document and is proof of a fact like that of any other fact the evidence relating thereto may be direct, or circumstantial. Government. Click here to Login / Register. It generally includes stamp duty, registration fee, and legal fees. In law, even if someone has your original sale deed with them and the same is unaccompanied by any other written contract such as sale/gift/mortgage deed, the person cannot claim any ownership, interest or title based on him holding the original sale deed. There has been a slew of new products out, aimed at the largest global companies to the small and midsized businesses. However, the person who might have got the photo copies of the land property might use it in generating small incoming for self but it is not that easy too. Earnings reports or recent company news can cause the stock price to drop. You may be safe. hello@stockchase.com. Builders who sold to me are partners(2 persons). The sale deed is executed by both parties and signed in the presence of witnesses. (legal advisor) Apply for a certified copy of sale deed at respective sub-register office where the property was registered. Immediately file a complaint in the jurisdictional police station for the loss of sale deed. It is important to note that the charges may vary based on the location and value of the property, and it is recommended to consult with a lawyer or a property advisor for more accurate information. You need to be the querist or Like many, many companies, a large part of the debt is profitable debt where they make a spread when selling equipment. (subregistrar/supdt. The risk outweighs the return. No on xerox no transaction is done. Under Florida law, a Notary's employer can be held liable for damages proximately caused by an Notary employee's misconduct if the notarization was performed as part of the employee's job duties (FS 117.05[6]). So you can buy and sell within that channel. However, it must be registered with the local Sub-Registrar's office to be legally valid. My friends grandmother had 4 floor building and each Floor convyed to 4 children's, and my friends dad got 1St floor from gift deed, he didn't apply for Katha transfer and he convyed that to my friend and his sister through gift deed, and sister reconveyed to my friend, now he his having gift deed on his name for 1St floor, now he want to apply for Katha and he has pay taxes, but for whole building Katha is showing my friends uncle's name who got ground floor. He is holding the stock because thinks there is more upside. I have lost the original sale deed. To register a sale deed, you can get in touch with Vakilsearch. Get free answers to all your legal queries from experienced lawyers & expert advocates on property & other legal issues at LawRato. The sale deed format must specify the name and address of the buyers and the sellers, There must be a complete address of the property, and a description of the property should be mentioned, The sale price consideration accepted between the buyer and the seller must be specified in the sale deed. Doesn't know the company well. It bears your photograph. Keep Smiling .. Hemant Agarwal In Karnataka, apply for a certified copy of sale deed at sub-register office or through Kaveri Online service, To obtain through Kaveri Online service, a property must be registered after 2004 and should know the registration number of property or the following details, (Like Karnataka, many other states in India gone online to issue a certified copy of sale deed). Yes, it is not admissible evidence. Just the terms and conditions under which the property will be sold are included in the sale of the agreement. By handling all the paperwork, we ensure a seamless interactive process with the government. Rescanning of all the papers is not required. Still file a lost report. It is a standard practice to give photocopies of Property Agreement, so that Buyer party can have it scrutinized by his Lawyer and/or Bank for Loan purposes. Get legal answers from lawyers. The best way to recover your lost funds or crypto, National lokadalat award execution petition, Transfer of unregisterd land from father to son, Oc got cancelled by bbmp due to violations, Employer not paid salary and pf and other dues, Possible misuse of disaster management act. People at registration office told me that its the practice. A large chunk of it is related to financing customers who are buying their products. 6. This agreement is usually in the form of a sale deed. It is governed by the Registration Act 1908 . The important elements of a sale deed typically include: Property Description: The sale deed should contain an accurate description of the property being sold, including its dimensions, boundaries, location, and any fixtures or structures attached to it. The property might be property tax, water, and electricity charges before the sale deed is signed. This makes the sale process more stable and comfortableAdditionally, it assures that your property is not taken for granted, given the existence of a registered and stamped legal document. Photocopies are slowly declining, though colour copying is a boom for Xerox, given colour's high margins in colour cartridges. However, the lawyer must be needing the important recitals of the deed, so you can type it out relevant portions and send it, in case if you think there could be any mischief. It is usually referred to as The buyer is liable for paying stamp duty and registering the sale deed. In case of any doubts, check whether the queries are already answered. The owner of the property will prepare the sale deed. In Karnataka, we provide the service of obtaining a certified copy of sale deed. It will not cause any problem / it will not be misused. What is the difference between a sale deed and a registry? As per your query we should very cautious in dealing with property matters. A certified copy of the sale deed can be procured if you dont have a copy. Indemnification: The sale deed should include an indemnification clause that protects both parties from any potential losses or damages arising from the transaction. We execute legal work for over 1000 companies and LLPs every month, by leveraging our tech capabilities, and the expertise of our team of legal professionals. Generally after registration you will not get the papers immediately. A defensive stock that he really likes. It is totally ignored by the street, which is why it is trading for less than 9X earnings. The stamp duty and registration charges have to be paid to making the registration. A lawsuit is filed after a breach of contract to recover money in the form of damages, an injunction, or execution. sending the documents will hamper your interest in the property. A high score means experts It's quick, easy, and anonymous. if he wants the same he may apply for a certified copy at sub Registrar office and they can give by collecting usual fees for the purpose. It's quick, easy, and anonymous. Members have explained you well about whether the copy of deeds can be misused or not. stock closed at a price of $15.62. You are not required to worry at all because nothing can be done like fraud etc. Can the sale deed be Canceled by the seller? Fastest turnaround time to draft a sale deed by Indias senior lawyers, As a sale deed form concludes the sale into a legal document, it is enforceable by the law. (XRX). Wanted to check whether holding xerox copy of those documents appropriate with me? 12 May 2015. ask the seller to give you original deed registered. approved The non-judicial stamp paper used for the sale deed was purchased for the sum stipulated by the state's stamp duty legislation. So its better you go the registrar office or contact the builder from whom you purchased. It is an essential document for both the buyer or the transferee and the seller or the transferor. Xerox is an investment company and their real debt is not actually that great, which is why it has an investment grade balance sheet. problem with the site, feel free to email us at : (retired)) Yes you can send xerox to advocate and there is no problem in sending xerox copy of document to your lawyer. Let us grow stronger by mutual exchange of knowledge. any sale deed is required to be stamped and registered. If at all the real estate guy wants to sell the said property, he will have to produce the original documents. The statement must come from a bank . All the documents related to the property must also be handed over to the buyer, Ensure that the title of the property is available from any deviation, A sale deed of land is not legally binding unless it is enrolled in the sub-registrar office. No Sharing. ( 1) Absolutely no. Yes that is safe. If you are worried about the loss of the photocopy of the property registration document, then you can issue a public notice in a local newspaper stating that you have lost the said document in transit and requesting the finder to return it to your address mentioned in the notice. The registration of a sale deed concludes the property purchase process. Read the latest stock experts ratings for Xerox. No, Need to worry, Xerox copies have no value in the eyes of Law. Since a sale deed is a registered document and to make any transactions one has to follow a prescribed procedure. Read the latest stock experts ratings for Xerox. In the said Section 'retrospective effect' has been given, once registration is taken place. - Hence, no need of worry , but be sure that you have delivered the said xerox to a lawyer and not some agent for taking said services. think yourself. The cost of stamp duty is 4% to 6% of the property's selling price. ,can you help? Wanted to check whether holding xerox copy of those documents appropriate with me? Read stock experts recommendations All these thoughts should have come to yo before sending the same and not after sending it to him. Once you have applied, note down the application number to track the status. Let us grow stronger by mutual exchange of knowledge. Law of Evidence - Admissibility of secondary evidence of document - Section 66, Evidence Act, 1872 - In suit proceedings for specific performance, Petitioner produced xerox copy of affidavit stating that it was by way of an agreement of sale executed by one Mr. X in favour of Petitioner - Trial Court refused permission to mark said xerox copy as. Will CTC copy of sale deed will declare me as original owner by court of Law? Don't worry about it. However, they may misuse the contents of the same to unlawfully forge documents against your interests say GPA, Agreement of Sale etc., as the documents provided by you contains signature of the executors. A sale agreement suggests that the property will eventually be sold. It is advisable to seek the assistance of a lawyer or a professional property advisor to ensure that the process is completed smoothly and efficiently. $22-32 is the range. Even if forgery is done, since you have the original copy with you the same can be easily countered. The provision under Section 47 r/w 23 of the Indian Registration Act is one of the most misused provision by the general public. (Analysts price target is $8.25.). Which of the papers in the sale agreement is required to be xeroxed to change the name on property tax? Taxation_of_monthly_state_allowance_to_dependent_of_ff, w.b. 2. Investors will get $9.80 dividend and own 49% of the new Fuji Xerox. The deed protects the rights of both the buyer and the seller. A lawsuit is filed after a breach of contract to recover money in the form of damages, an injunction, or execution. Just the photocopy alone doesnt suffice for home loan documentation. Gold. to the stock experts' signals. . Yes you can email Xerox copy with your advocate. 2. Check whether you are eligible to apply for this service. A sale deed reduces troubles as all money due can be specified in the document. Please login to post replies so he called you and giving your pen drive. 1. Nothing which is not registered will be accepted by any legal authority. Still file a lost report Rahul Jatain Advocate, Rohtak 5365 Answers By Sunita Mishra March 27, 2023 Is property sale through power of attorney legal? It will take some time for you to get the original papers back. A sale deed is an accomplished contract. Otherwise photo copy means nothing. Hey The amount of stamp duty applied to real estate purchases varies by state. Its quick, easy, and anonymous! Stockchase, in its reporting on what has been discussed by individuals on business Employers and bosses can be held liable as well if they ask Notaries who work for them to violate proper procedure. This has always been a big free cash flow generator. Xerox copies cannot be misused. Thanks for the reply. They are in a no growth world for them. approved You can provide cancelled and crossed xerox xerox of the sale deed to the lawyer on his email address, if it is required. It consists of the property details and sets out the rights and obligations of each party. That person in sub registrar office asked 2 days for re-scanning the original documents. The sale deed registration process generally involves the following steps: Note that the process may vary slightly depending on the laws of the state in which the property is located. Shall I accept the certified copy of old registration and keep it with mealong with the latest execution? This company is a turnaround situation. Though paper hasn't gone away, Xerox is now a tech company involved in document storage for large businesses. The Indian Registration Act of 1908 mandates that any agreement for the transfer of a real estate interest with a value greater than 100 be registered. This has basically split into 2, and he thinks that was wise corporate engineering, because investors are now going to be able to pick which part of this legacy they want to invest in. If you want to be extra cautious, you can send the scanned copy on his email specifically mentioning that these are only for this.. this.. and this purpose. Can obtain a certified copy of sale deed from sub-register office. It is trading at 9 times earnings, massive free cash flow, huge share buybacks and increasing dividend. - Xerox of any document having no value in the eye of law, specially in the absence of original deed. on Stockchase covered Xerox In the last year. In my opinion, copy of sale deed is not required to get encumbrance certificate. There is no possible of having any transaction using the same. We provide clarity on the incorporation process to set realistic expectations. As far the Xerox copies are concerned there will not be any problem . It is ok.xerox cannot be used in any official work. Let us grow stronger by mutual exchange of knowledge. Can I obtain a home loan from a bank by submitting Xerox copy of sale deed? 1550+ opinions with 4.81 rating (one of the best performing expert). In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions. IF you do not give the photocopy of the earlier Agreement of Property, THEN how will the buyer party verify the genuinely of the property document ???? I think that is a mistake from your side. To answer your question in short, you can obtain a loan if you submit a certified copy of sale deed signed by revenue officer. Original sale deed misplaced and having xerox answered by expert property lawyer. Please note that under transfer of property act and indian contract act, Only registered written contracts , duly signed by you and stamped under Registration act are admissible as evidence. Get legal answers from lawyers in 1 hour. The cost of processing a deed of sale varies depending on the state and location of the property.