Conveyance, in legal terms, simply means transfer of property to another person. Through a conveyance deed, you can transfer immovable property to another person. Conveyance deed is a term that includes various types of deeds of transfer of property.
Conveyance includes transactions of:
How is it Different from Sale Deed or Gift Deed?
Both Sale Deed and Gift Deed are types of conveyance deed. Both result in transfer of property to another person. But the purpose for both is different.
Why do I need a Conveyance Deed?
You need it if you want to want to make a legal and valid transfer of your property.
What Documents do I need?
You don't need any documents for preparing a conveyance deed. Depending on the type of transaction, you may need the following details.
- Details of the donor and the donee.
- Relationship between the donor and donee
- All details of the property such as location and measurements.
- Details of the seller and the buyer.
- Advance payment (if any).
- Mode of payment.
- Sale consideration (amount for which you are selling the property).
- Terms of repayment in case of mortgage.
- Terms & conditions of lease or exchange.
What is the Fee?
Stamp duty and the registration fee is different for every state. The stamp duty depends on the value of the property. The professional fee starts from Rs. 4999.
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What is more?
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