The conveyance deed can be executed by the seller/builder to the society hence in the absence if the landowners are ready to execute the conveyance deed on behalf of the builder, there should not be any problem with the registrar to accept the registration application, however you may consult with the authorities concerned about it in advance before getting into the process.
. A Conveyance Deed is a legal document that conveys some rights over an immovable property from one person to another. The developer must execute the Conveyance Deeds of flats and common areas to transfer their ownership rights to the respective owners and the housing society. If the land owner is able to convey the common areas as per the completion certificate that the builder obtained in this regard, then you may get the permission of the registrar for execution of the conveyance deed by the landowner or else you may have to follow the legal process in this regard as per procedures of law.
The purpose of a conveyance deed or a sales deed is to legally document that the seller of a property has transferred all the authority and the ownership regarding a property to the buyer. The implication of this document is paramount due to the legal technicalities.
Conveyance deeds are governed under the Registration Act and executed on non-judicial stamp paper.
Once the conveyance deed is signed, it has to be registered at the local sub-registrar’s office, by paying the registration fee.
You may visit the sale agreement wherein all the questions will find an answer.
Once the state government issues a deemed conveyance deed, the law considers the deed to be executed even if the developer has not executed the conveyance deed. In order to have a deemed conveyance deed, one needs to apply with the required documents to the concerned authorities. The developer should also ensure that both the parties are present as the authority law would pass a judgment only after hearing both the parties.
The following are the documents required for applying a deemed conveyance deed:
- Relevant land documents such as land revenue, municipal records and the like.
- A copy of the agreement between the landlord and the developer regarding the development of a property.
- Registered and stamped agreement copies of each flat.
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- A copy of the approved building plan.
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- As Per MOFA (Maharashtra Ownership Of Flat Act) A Builder Has To Execute Conveyance Of The Property In Favour Of Flat Owner Within 4 Month From Date Of Completion Or From Formation Of Society, In The Form Of Conveyance Deed Or Apartment Deed.
In Case Builder Does Not Cooperate, Then Flat Owners Have To Apply For Deemed Conveyance Process.
NECESSARY DOCUMENTS REQUIRED FOR CONVEYANCE
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List Of Members With Particulars As To Name Of Member, Flat / Unit No., Floor, Area, Haveli Registration No And Stamp Duty, Registration Fees Paid Details.