Everything You Need to Know About Sale Certificates and How to Register Them in Delhi-NCR

Sales Certificate Dec 17, 2020

What is a sale certificate? How is it different from a sale deed and sale agreement?

A sale certificate refers to the legal document issued by the Authorised Officer (AO) to the buyer of a foreclosed property in an auction. Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (‘SARFAESI Act’), if the borrower of a mortgage defaults on her equated monthly instalments (EMIs) three times consecutively, the lender has a right to acquire and auction off her property. An AO is appointed by the lender to foreclose the property, auction it off and issue a sale certificate to the buyer of that property.

A ‘sale deed’ on the other hand, is a conveyance document recording the sale of a property from a buyer to a seller. A ‘sale agreement’, or ‘agreement to sell’ enlists all the conditions that a potential buyer and seller of a property must fulfil so that the property can be purchased by the buyer on a fixed date.

TEAL INSIGHT

An analysis of TEAL’s data repository shows that sales certificates account for 0.09 percent of all the deeds’ registrations in Delhi, from June 2002 to November, 2020.

Registration of a sale certificate in Delhi-NCR

It is important to register your sale certificate with the Sub Registrar’s Office (SRO). In Delhi, Uttar Pradesh and Haryana, you can pay the stamp duty and registration fee for registering your sale certificate online.

  • Delhi- You can register your mortgage on the DORIS website, by selecting ‘Certificate of Sale’’ under the ‘Deed Writer’ tab. The stamp duty to be paid on a sale certificate is 6 percent of the consideration for men and 4 percent of the consideration for women.
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  • Uttar Pradesh- Click on ‘आवेदन करें’ on the igrsup website and proceed to register your mortgage deed.
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Haryana- Visit the e-Gras web portal to pay your stamp duty online.

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After paying the stamp duty and registration fee, you will have to visit the SRO in person on the date and at which time your appointment has been fixed with your receipt number to register your sale certificate.

Image by Mohamed Hassan from Pixabay.


At TEAL, we are building the next generation of property due diligence using big data analytics and machine learning. We provide reliable information about property ownership, registration status, disputes, tax compliance history and all other information that you will need to make a safe and secure property investment. To learn how TEAL can help you in your journey, visit tealindia.in.

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