Role of an Advocate in Conveyance Deed
Drafting the Deed:
The advocate drafts the conveyance deed on appropriate non-judicial stamp paper.
Legal Compliance:
They ensure the deed adheres to the provisions of the Transfer of Property Act, Registration Act, and Indian Stamp Act.
Verification and Review:
The draft is reviewed to confirm it meets all legal requirements and that the property is free from any encumbrances.
Facilitating Execution:
The advocate ensures the deed is signed by the seller and buyer in the presence of at least two witnesses.
Stamp Duty and Registration:
They help with the payment of applicable stamp duty and registration fees at the local sub-registrar's office.
Proof of Ownership:
The advocate's involvement ensures the buyer receives a valid and registered deed, serving as conclusive proof of ownership.
Protecting Client Interests:
They protect the interests of the parties involved by ensuring transparency and security in the property transaction.
Process for a Conveyance Deed
1. Drafting:
An advocate drafts the conveyance deed, which is then executed on non-judicial stamp paper.
2. Stamp Duty Payment:
Applicable stamp duty is paid based on the property's value.
3. Registration:
The deed is submitted to the sub-registrar's office for registration within the specified time frame.
4. Proof of Ownership:
Once registered, the buyer obtains the official registered deed, which makes them the absolute owner of the property.