A sale agreement is a legal contract that records the terms and conditions for selling a property at a future date. It defines the sale price, payment schedule, possession date, responsibilities of both parties, and other important legal terms.

A ₹100 stamp paper is legally valid, but most states require higher stamp duty for enforceability. Using the correct stamp value as per your state’s rules is important to avoid disputes later.

No. A sale agreement does not transfer ownership. Ownership is legally transferred only through a registered sale deed at the sub-registrar office.

Most sale agreements specify a validity period, commonly between 3 to 6 months. If the agreement mentions deadlines for payment or registration, those timelines apply. If not, standard contract law rules are followed.

Yes, banks accept sale agreements, but most lenders require a registered sale agreement. A notarised agreement may not be sufficient for loan processing.

Once the agreement is signed, the buyer proceeds with: • Verification of property documents • Arranging finances • Payment as per schedule • Drafting and registering the final sale deed

The seller can withdraw only if there is a valid legal reason. If not, the buyer can seek compensation or take legal action for breach of contract.

Both are important. • Sale Agreement protects the deal and sets terms. • Sale Deed is the final document that legally transfers ownership.

A notarised agreement can be used as supporting evidence in court, but it is not as strong as a registered agreement. Registration provides higher legal protection.