SALE DEED FOR A BUILDER FLOOR
This sale deed is made at Chandigarh on 1 April 2026.
BETWEEN
Harpreet Singh, Son of Sh. Gurdev Singh, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, together with X (the "Seller")
AND
Aarav Sharma, Son of Sh. Gurdev Singh, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, together with X (the "Buyer")
Where more than one person is named as Seller or as Buyer, each of them is bound by this deed jointly and separately.
RECITALS
The Seller owns Second floor, covered area about 1,100 sq. ft. of the building on the plot at House 1234, Sector 20-C, Chandigarh, measuring 250 square yards, with One-third undivided share in the plot in the land under the building (the "Floor"), which the Seller got through Registered sale deed dated 12 June 2015, Sub-Registrar, Chandigarh.
The parties signed an agreement to sell the Floor on 2 April 2026. This deed carries out that agreement and takes its place.
- 1. SALE AND PRICE
The Seller sells and transfers the Floor to the Buyer, absolutely and for ever, for the price of ₹95,00,000 (Rupees Ninety Five Lakh only), which the Seller admits having received in full, as follows: Rs 9,50,000 by bank transfer on 15 Oct 2026 (UTR 123456789012); balance by bank draft no. 004512 dated 20 Dec 2026.
The Collector-rate value of the Floor is ₹90,00,000 (Rupees Ninety Lakh only), and stamp duty has been paid on the higher of that value and the price.
Tax was deducted at source from the price and deposited as follows: Rs 95,000, deposited on 14 Dec 2026. The amount deducted counts as part of the price paid.
- 2. WHAT IS TRANSFERRED
The Floor is transferred with One-third undivided share in the plot in the land under the building and the Seller's right to use the common areas, which are Main gate, entrance, staircase, passage, water tank and meter room.
Roof rights: The roof rights above this floor are sold to the Buyer with the floor. Wherever roof rights pass, they are the right to use the roof and to build on it only as far as the sanctioned plan and the law allow.
Parking: Covered parking bay no. 2 in the stilt goes with the Floor.
The Buyer will not block or build over the common areas, and will bear a fair share of the cost of keeping them in repair.
- 3. POSSESSION AND PAPERS
Possession: Vacant possession of the Floor is handed to the Buyer today, with the keys. The Seller also hands over these original papers: Earlier sale deed, sanctioned plan, tax receipts, utility bills.
Loan or mortgage: No loan or mortgage is outstanding on the plot or the floor.
Building plan and occupation papers: Plan sanctioned 4 March 2012; occupation certificate 9 May 2014.
- 4. THE SELLER'S PROMISES
The Seller promises that the Seller is the full owner of the Floor and has the right to sell it; that it is free from any other sale, gift, mortgage, lease, court case, attachment or claim, except as written in this deed; and that all property tax, electricity, water, sewerage and maintenance dues up to the day of this deed have been paid.