How to Search Conveyance Deed? Meaning, Format & Downloading Steps
Get to know about conveyance deeds. Find out about differences between two types of deeds and get the download link of conveyance deed format for housing societies.
Quick Summary: (TL; DR)
The Major Difference: Sale deed is the general type of deed that can be used any time there is a change of title of the property whereas conveyance deed can be used whenever you purchase any property for monetary consideration.
Conveyance for Societies: Housing societies use the specific format of conveyance deed so that the transfer of the title of the property can be transferred to the society easily.
Deed Process in HSVP: Those who have property under the jurisdiction of the Haryana Shahari Vikas Pradhikaran (HSVP) have to follow certain procedures both online and offline.
Format of Conveyance Deed: Format of the conveyance deed depends upon whether the property is a building or an empty plot.
Proof Par Excellence: Only conveyance deed registered with a stamp paper is acceptable to get loan or to carry out redevelopment process.
How to Get a Conveyance Deed?
Conveyance deed acquisition includes drafting, paying stamp duty and registration charges, and government registration logging. One can go online for tracking and downloading deeds via the following procedure:
Step 1 (Drafting and Review): Employ a professional property lawyer to create the clean deed text.
Step 2 (Paying Stamp Duty): Pay the mandatory stamp duty and registration charges using the cyber treasury services of your respective state.
Step 3 (Visiting Sub-Registrar Office): The buyer, seller, and two witnesses have to visit the Sub-Registrar Office in person for signature and biometric registration.
Step 4 (Download Online): Once registered, the deed can be downloaded in certified form or Index II from the land registration website of your state.
What Are the Types of Conveyance Deeds?
Conveyances may occur in different financial contexts. The deed that will be signed will completely depend on the way through which the conveyance will take place:
1. Sale Deed: The most commonly used deed, where the property is transferred in return for a definite sum of money.
2. Gift Deed: The document signed when transferring one’s own property without payment to close relatives.
3. Exchange Deed: The deed signed between the two parties who have agreed to exchange the possession of their respective properties.
4. Relinquishment/ Settlement Deed: A deed signed when the heirs decide to distribute the family property amongst themselves.
What Is the Meaning of Conveyance Deed?
A deed of conveyance is an official legal document that facilitates the transfer of the title, rights, and interests of an immovable property from the seller (transferor) to the buyer (transferee). It acts as an irrevocable evidence of your complete possession of the asset as the former owner has waived off his right on it.
What Is the Time Limit for Conveyance Deed?
The conveyance deed should be registered at the Sub-Registrar's office within four months of execution, for individual buyers of real estate.
In the case of cooperative housing societies, it becomes mandatory under state law that a developer executes the conveyance deed in favor of the cooperative housing society within four months of the date on which the society has been officially registered. Failure to do so makes the society eligible for seeking Deemed Conveyance.
How to Find Society Conveyance Deed?
If the land document deed is already obtained by your housing society, then ensure it is kept safely by the managing committee. For those who wish to locate or ascertain the document on their own, this is how to go about it:
Quick Guide: Finding Your Land Records
Method | Where To Look For | Information Required |
Internet Search | IGR Website of the State or Land Record Application | Survey number, plot address, or society registration number. |
Check for Encumbrance | Sub-Registrar Internet Database | Find encumbrances about the property through an Encumbrance Certificate(EC), which will provide you with the document index links. |
Alternative Procedure | Sub-Registrar Office (SR) Under Jurisdiction | Manually submit an application for obtaining the registered duplicate of the certificate through registration year. |
Is a Conveyance Deed Proof of Ownership?
Absolutely. In India, a conveyance deed, when registered, is the strongest document of proof of title available. With such a deed, you will be protected against any fraud in relation to title, get the legal means of acquiring loans, and have absolute rights of selling or leasing out the land.
Are Conveyance Deed and Sale Deed the Same?
The two terms are similar, but they refer to different documents. Conveyance deeds are generally used to refer to all types of documents in which there is movement of property titles. Sale deeds are only one form of conveyance deeds.
When you pay money for buying the house, the conveyance deed is Sale Deed.
When you receive land as a gift, the conveyance deed is Gift Deed.
What Is Another Name for a Conveyance Deed?
Depending on the state laws governing your area or real estate transactions, you can refer to the conveyance deed as Ownership Deed or Property Transfer Document, or Registered Title Deed.
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