Sale Agreement - Draft

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SALE AGREEMENT

THIS DEED OF SALE AGREEMENT Executed at Chennai on this the


____th day of APRIL 2021
BETWEEN

Mr.DHANUSURAJ (PAN: BPMPM5455H), Son of late Mr.Meganathan,


aged about 60 years, residing at No.21, Jega Jeevanram Colony, Selaiyur,
Chennai 600 073, represented his Power Agent M/s. DAC PROMOTERS
represented by its Chief Executive Officer Mrs.S.DURGA, (PAN:
ATFPD1314E) Wife of Mr.S.Sathish Kumar, aged about 36 years, Office at
Flat No.A-1, Ground Floor, Door No.19, K - Block, 1st Main Road, 1st
Avenue, Anna Nagar East, Chennai – 600102 appointed vide General
Power of Attorney Deed dated 10.11.2020, registered as Document
No.8791/2020 in the office of Sub Registrar, Selaiyur, hereinafter referred
to as the “VENDOR”
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AND

Mr. __________ (PAN:__________) S/o. Mr. ……………., aged about ……


years residing at No. ………………………, hereinafter referred and called as
the “PURCHASER/s”.

The terms “VENDOR” and “PURCHASER/s” shall wherever the context so


permits and admits means and include their respective heirs, executors,
administrators, legal representatives, successors, assigns etc.,

WHEREAS the Vendor Mr.DHANUSURAJ is the absolute owner of the


vacant land measuring an extent of 18 cents (Northern portion) out of 35
cents comprised in Survey No.225/1B, TSLR Patta Field No.11/10A, ward
No.I, Block No.26 at Mahadevan nagar, Selaiyur village, Tambaram Taluk,
Chengalpattu district, morefully described in the Schedule hereunder, He
has acquired the same under a Partition Deed dated: 10.09.2020,
registered as Document No.6352/2020, Book 1, in the Selaiyur, Sub-
Registrar Office, allotted in the Schedule-B Property of the Partition Deed.

WHEREAS the aforesaid Mr.DHANUSURAJ had appointed M/s. DAC


PROMOTERS represented by its Chief Executive Officer Mrs.S.DURGA,
vide General Power of Attorney Deed, dated: 10.11.2020, Registered as
Document No. 8791/2020, in the office of Sub-Registrar Selaiyur to deal
with the vacant land measuring an extent of 18 cents (Northern portion)
out of 35 cents comprised in Survey No.225/1B, TSLR Patta Field
No.11/10A, ward No.I, Block No.26 at Mahadevan nagar, Selaiyur village,
Tambaram Taluk, Chengalpattu district, Which is morefully described in
the Schedule of property.
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Thus the VENDOR herein become absolute owner of the Schedule ‘A’
Property and is in absolute possession and uninterrupted enjoyment of
the SCHEDULE ‘A’ PROPERTY. And decided to develop the Schedule
Mentioned Property as residential apartment.

Whereas except the VENDOR herein no one else has got any right, title
and interest in the Schedule ‘A’ Mentioned Property and that the Schedule
‘A’ Property is free from all encumbrance, charges, lien, trust, will,
settlement, acquisition proceedings, Court attachments and whatsoever
would affect the title of the VENDOR.

The Vendor has decided to develop the land in the Schedule ‘A’ Mentioned
Property and obtained plot Regularization Approval vide Planning Permit
No.1063/2021, Dated 31.03.2021.

Further, the Vendor had decided to subdivide an aforesaid land and


obtained Sub Division Approval by Appropriate Authority Vide __________
and File No. __________, Dated _________ .

Whereas the purchaser has proposed to purchase 1261 Sq.ft., of land


from and out of Schedule ‘A’ Property, more fully described in Schedule
‘B’ hereunder and hereinafter referred to as Scheduled ‘B’ Property for the
total sale consideration of Rs. ____________/- (Rupees ______________ Only)
as afore said free from all encumbrances and charges whatsoever together
with actual peaceful vacant possession.

NOW THIS DEED OF WITNESS AS FOLLOWS:


1) The VENDOR have agreed to sell and the PURCHASER/s agreed
to purchase the Scheduled B Property is free from all encumbrances for
the sale consideration Rs. __________/- (Rupees _____________Only) and
the VENDOR has received an advance of Rs. ___________/- (Rupees
___________ only) by way of ___________ for the execution of these
presents.
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2) The VENDOR has handed over Xerox copies of original


documents to the PURCHASER/s in pursuance of the agreement.

3) The VENDOR shall produce all the relevant original documents


for the schedule mentioned property for perusal of the PURCHASER or to
their Advocate at reasonable notice by the PURCHASER.

4) The VENDOR assure the PURCHASER/s that there are no other


encumbrance over the schedule ‘B’ mentioned property and that there is
no subsisting agreement of sale in favour of any person or persons in
respect of the Schedule ‘B’ property agreed to be sold in favour of the
PURCHASER/s or his nominees herein.

5) The VENDOR represent to the PURCHASER/s that there is no


encumbrances over the schedule mentioned property such as lien,
attachments, charges, land acquisition proceedings or any other kind of
claim whatsoever.

6) The VENDOR hereby specifically declare and assure the


PURCHASER/s that they have not entered into or will not enter any
agreement of sale with any third party for the sale of the schedule ‘B’
mentioned property or shall not create any charge or mortgage over the
schedule mentioned property till execution and registration of sale deed.

7) The VENDOR shall make out a marketable title to the said


property free from all encumbrances doubts and claims and shall at all
times at their own cost and expenses and clear all defects in the title
before the registration of the sale deed.

8) The VENDOR shall deliver the peaceful and vacant possession of


the said property along with Xerox copy of the original documents relating
to the schedule ‘B’ mentioned property to the PURCHASER/s.
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9) The execution and registration of sale deed shall be completed


within Three months from the date of execution of this agreement.

10) The VENDOR shall keep the property free from all
encumbrances. If there are any encumbrances on the property, the same
shall be discharged by the VENDOR and if they did not discharge the
same within the stipulated time as aforesaid, the PURCHASER/s will be
entitled to discharge the same from and out of the balance sale
consideration.

11) The VENDOR shall assure that they fully co-operate with
PURCHASER/s for the purposes of completion of sale.

12) The VENDOR shall bear all the expenses of the sale i.e., stamp
registration, drafting charges etc., in respect of the sale deed and the
PURCHASER/s shall bear only the expenses of obtaining the
encumbrance certificates.

13) This sale agreement will come under the purview of the specific
relief and transfer of property act.

SCHEDULE “A”PROPERTY

All that piece and parcel of vacant land measuring an extent of 18


cents (Northern portion) out of 35 cents comprised in Survey
No.225/1B, TSLR Patta Field No.11/10A, ward No.I, Block No.26, at
Mahadevan Nagar, Selaiyur village, Tambaram Taluk, Chengalpattu
district,
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Bounded On The

North By : Property Belongs to Varadharajulu Naicker and Family.


South By : Property belongs to Mr.Sarangapani.
East By : Survey No.11/10B & 11/10C.
West By : Ponnusamy Naicker and Loganatha Naicker’s land.

Measuring

East to west on the Northern side : 68 feet 3 inches,


East to West on the Southern side : 69 feet 6 inches,
North to south on the Eastern side : 117 feet 4 ½ inches,
North to South on the Western side : 115 feet 4 ½ inches.

lying within the Registration District of CHENNAI SOUTH and Sub-


Registration District of selaiyur.

SCHEDULE “B” PROPERTY


(Property proposed to be purchased by the PURCHASER/s)
All that piece and parcel of vacant land bearing Plot No.2A,
measuring an extent of 1261 Sq. Ft. of land out of Schedule ‘A’ Property.

Bounded On The
North By : Property Belongs to Varadharajulu Naicker and Family.
South By : 20 Feet Road.
East By : Plot No.1A.
West By : Plot No.3A.

Measuring
East to west on the Northern side : 22 feet 3 inches,
East to West on the Southern side : 22 feet 3 inches,
North to south on the Eastern side : 57 feet,
North to South on the Western side : 56 feet 4 ½ inches.
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lying within the Registration District of CHENNAI SOUTH and Sub-


Registration District of selaiyur.

IN WITNESS WHEREOF VENDOR AND PURCHASER/s HAVE PUT UP


THEIR SIGNATURES ON THE DAY, MONTH AND YEAR ABOVE
MENTIONED.

VENDOR’ POWER AGENT

PURCHASER/s
WITNESSES:-
1.

2.

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