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Sale Deed

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draft of a sale deed
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    1 MODEL DEED SALE DEED This DEED OF SALE executed this, the 3 rd  day of July, 2006 BETWEEN M/s. XYZ & CO. LTD. a Public limited Company, registered under the Companies Act 1956 and having their registered office at No.25 Patullos Road, Chennai- 600002, hereinafter called the “VENDOR” (which term shall mean and include all their legal heirs, executors, representatives, assigns etc.) of the ONE PART AND Thiru. S. Ganesan, son of Thiru. M. Selvam, aged about 45 years and residing at No.50, I Cross Street Anna Nagar, Tambaram, Chennai-600 090, hereinafter called the 'PURCHASER' (which term shall mean and include all his legal heirs executors, representatives, assigns etc. of the OTHER PART. WHEREAS the vendor is the absolute owner of the property consisting of a vacant land  covering an extent of 3 acres, bearing R.S. No.1600/85, located in Tambaram Village,  Chennai-600 090, more fully described in the Schedule hereunder, they having acquired the same from Thiru. R. Kannan, by way of  sale in the year 1992 and registered with the Sub- Registry at Tambaram Village, Chennai, evidenced by Sale Deed No.2020/92. WHEREAS, the vendor  is desirous of disposing off  by way of sale the property consisting of a vacant land covering an extent of 3 acres, bearing R.S. No.1600/85, located in Tambaram  Village, Chennai-600 090, more fully described in Schedule hereunder, since the said  property is no longer required for their use. WHEREAS the purchaser  having learnt that the vendor  is desirous of disposing off  by way of sale their property consisting of a vacant land covering an extent of 3 acres, bearing R.S.   No.1600/85, located in Tambaram Village, Chennai-600 090, more fully described in the Schedule hereunder, approaches the vendor  with a view to  purchasing the same. WHEREAS, the vendor and purchaser  having carried out negotiations for the Sale and  Purchase respectively of the property consisting of a vacant land and covering an extent of 3  acres of land, bearing R.S. No.1600/85, located in Tambaram Village, Chennai-600 090, more fully described in the Schedule hereunder; the vendor having agreed to sell the property and the purchaser  having agreed to purchase the same for a total consideration of RS.10  lakhs. WHEREAS, in pursuance of the agreement arrived at between the Vendor and Purchaser  as regards sale and purchase respectively of the property, more fully described in the Schedule hereunder, the purchaser  having paid to the vendor  a sum of Rs.3 lakhs (Rupees three lakhs  only), being the advance amount, on 30' June, 2006, under an agreement to sell was entered therefor.  NOW THIS DEED WITNESSES THAT IN CONSIDERATION OF the vendor  having agreed to   sell and the purchaser  of a vacant land, bearing R.S. No.1660/85, more fully described in Schedule hereunder, the Purchaser  having paid an advance amount of    2 Rs.3,30,000/- on 30 th  June, 2006,when an agreement to sell was entered between the parties; the purchaser  having paid on the day of the execution of this deed, the balance sum of Rs. 6,70,000/- to the vendor, which sum the vendor  acknowledges of having received; and thus, the total consideration of RS.10 lakhs having been received by the vendor; the vendor  does hereby convey unto the purchaser absolutely all the title and interests in the Schedule mentioned property and further, the vendor  also delivering vacant  possession of the said  property to the purchaser  to enable the purchaser  to enjoy the said property absolutely and without any interruption of whatsoever nature. TO HAVE AND TO HOLD the property by the purchaser  absolutely and forever and without any encumbrance of whatsoever nature. THAT the vendor and purchaser  hereby mutually covenant as follows: 1. The vendor hereby assures the Purchaser that the property hereby sold to the Purchaser is free from all encumbrances and that if any subsisting is found to be there, the same shall be discharged at the expenses of the Vendor . 2. The Vendor hereby declares that in respect of the property sold by him to the Purchaser, he shall pay all the taxes and other levies due on the property up to the date of execution of this Sale Deed and that the Purchaser shall pay the taxes and dues falling due hereafter. 3. The Purchaser shall apply to the appropriate authorities and arrange to carry out the change of name required in all the necessary records and for this purpose, the Vendor is always in readiness to give consent and affix their signature. 4. The Vendor hereby declares that he surrendered all the parent deeds connected with the  property and that no document is retained by him. IN WITNESS WHEREOF, the parties hereto have set their hands on this, the 3 rd  day of July, 2006. Dated at Tambaram, this 4 th  day of July, 2006. WITNESS (1) Sd/- xxxxxxxxxxxx Sd/ xxxxxxxxxxxx (Name and Address) (Vendor) 2) Sd/- xxxxxxxxxxxx Sd/- xxxxxxxxxxxx (Name and Address) (Purchaser)     3 SCHEDULE OF PROPERTY All that piece and parcel of land including all trees and bushes covering an extent of vacant land to 3 acres, bearing R.S. No.1600/85, located in Tambaram Village, Chennai-600 090,  and bounded on,  NORTH by 100 Feet Road leading to Chennai City SOUTH - by a house Door No.23,  bearing R.S. No.1605/85 and belonging to  N. Murugesan  WEST  –   by a house Door No.24, bearing R.S. No.1609/85 and belonging to A. Ganesan, and having a right of entry to the property from this side. EAST - by a 40’ road leading to Murugan Temple and situated within the Registration and Sub-Registration District of Tambaram. Dated at Chennai, this the 3 rd  day of July, 2006.  (Sd/-) xxxxxxxxxxx (Vendor)
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