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A sale deed includes the following details: Name and address of the buyer and seller. Detailed description of the property. Total payment to be made, mode of payment, date when the payment is to be made. Date of handing over of property documents. Other terms and conditions of the sale.

Sub-Clauses The term “Parcel” shall mean each separately subdivided tract of the Property shown on a plat recorded in the Registry after the Effective Date and conveyed in fee simple title by a Developer Owner to a Person.

The relevant date for ascertaining the date of sale is the date of execution of the sale deed. So, if the sale deed was executed in April 2023, the sale will be considered in 2023-2024 for calculating capital gain.

The validity of a sale agreement without registration is three years from the date of execution. In the case of a negative agreement condition, such as the buyer's need to register the property within three months, the statute of limitations is extended by that period of time.

It is then followed by the date of execution of the deed. The date of execution is necessary under the Registration Act, 1908 and the Limitation Act. If the deed is executed by different parties on different dates, the date on which the deed was last executed is taken as the date of the deed.

As per Section 23 of the Registration Act, a document of the nature of sale deed specifies time of four months from the date of its execution, he added.

If a deed is undated, deed is valid subject to burden of proof.

Importance of date It is with reference to the date that the court decides the validity of the will. The date is a reference point of a will. It is a tool that helps the court decide whether a tool is valid or not. There are everyday practical scenarios where the date plays an important part.