A Conveyance Deed is one of the most important legal documents in property transactions. It legally transfers the ownership of property from one person or entity to another. Without a registered conveyance deed, property ownership remains incomplete and legally weak.
This Saving Mantra guide explains what a conveyance deed is, its benefits, and the step-by-step process in India.
What is a Conveyance Deed?
A Conveyance Deed is a legal instrument that transfers ownership rights, title, and interest in a property from the seller (transferor) to the buyer (transferee). It is executed after the sale agreement and payment of full consideration.
Once registered, the conveyance deed serves as final proof of ownership.
Types of Conveyance Deeds
Depending on the nature of transfer, conveyance deeds can be:
- Sale Deed
- Gift Deed
- Exchange Deed
- Relinquishment Deed
- Assignment Deed
Each type transfers property rights in a different manner.
Why is a Conveyance Deed Important?
A conveyance deed is important because it:
- Legally transfers property ownership
- Establishes clear title
- Protects buyer from future disputes
- Is mandatory for resale or redevelopment
- Required for bank loans and mortgages
Without it, ownership is not legally complete.
Benefits of a Conveyance Deed
Executing a proper conveyance deed provides multiple benefits:
- Clear and marketable title
- Legal ownership rights
- Protection from third-party claims
- Right to redevelop or transfer property
- Required for mutation and property card update
- Strengthens legal standing in court
Documents Required for Conveyance Deed
Commonly required documents include:
- Sale Agreement
- Previous title documents
- Property card / 7/12 extract
- Approved building plan
- Identity and address proof of parties
- PAN cards of buyer and seller
- Stamp duty and registration receipts
Stamp Duty on Conveyance Deed
Stamp duty:
- Is mandatory under Indian Stamp Act
- Varies from state to state
- Calculated on market value or agreement value (whichever is higher)
Payment of proper stamp duty is essential for registration.
Step-by-Step Process for Conveyance Deed in India
Step 1: Title Verification
- Verify ownership and encumbrances
- Check property records
Step 2: Drafting of Conveyance Deed
- Draft deed with all property details
- Mention consideration and transfer terms
Step 3: Stamp Duty Payment
- Pay applicable stamp duty
- As per state laws
Step 4: Execution of Deed
- Signed by buyer and seller
- Witness signatures obtained
Step 5: Registration
- Register deed at Sub-Registrar office
- Biometric and document verification
Step 6: Mutation and Records Update
- Update property card or municipal records
- Ownership reflected in buyer’s name
Conveyance Deed for Housing Societies
For housing societies, conveyance deed transfers land and building ownership from builder to society. Without it, societies face issues in:
- Redevelopment
- Loans and mortgages
- Legal disputes
If builder fails, deemed conveyance is an alternative.
Common Mistakes to Avoid
- Not registering the conveyance deed
- Underpayment of stamp duty
- Incomplete property description
- Ignoring title verification
How Saving Mantra Helps
Saving Mantra provides end-to-end assistance for:
- Title verification
- Drafting conveyance deeds
- Stamp duty calculation
- Registration support
- Society conveyance and deemed conveyance services
We ensure your property ownership is legally secure.
Conclusion
A Conveyance Deed in India is the final and most crucial document for property ownership. Understanding its benefits and following the correct legal process ensures clear title and long-term security. With expert support from Saving Mantra, conveyance deed execution becomes smooth, compliant, and stress-free.
Disclaimer
This blog is for informational purposes only and does not constitute legal advice. Conveyance deed requirements, stamp duty, and procedures may vary by state and property type. Readers are advised to consult qualified legal professionals before executing a conveyance deed.