What is difference between conveyance deed and sale deed?

Factors

Conveyance Deed

Sale Deed

Purpose

To transfer the title of property from the seller (transferor) to the buyer (transferee)

Signifies the sale and transfer of ownership rights of a property from the seller to the buyer

Applicability

Property transactions, including the sale of land, houses, apartments, and commercial properties

Property transactions across various types of properties and jurisdictions

Legal Requirements

To be valid, a Conveyance Deed must comply with execution formalities, stamp duty, and registration

A Sale Deed must meet execution formalities, stamp duty, and registration requirements

Rights and Obligations

Both parties (seller and buyer) have specific rights and obligations outlined in the Conveyance Deed, including warranties and indemnities.

The Sale Deed outlines the rights, obligations, warranties, and indemnities of both parties

Contents

It typically includes property description, consideration amount, terms, conditions, warranties, and signatures of parties and witnesses

It includes property details, consideration amount, terms, conditions, and signatures

Sale Deed

Conveyance Deed

It's crucial to remember that since they include sales, all sales deeds are conveyance deeds.

Gift, exchange, mortgage, and lease deeds are only a few examples of conveyance deeds. As a result, not all conveyance deeds are sale deeds.

In the case of a simple sale, the sale document transfers ownership of the property from one party to another legally.

A conveyance deed may be utilised in the event of a gift, exchange, lease, mortgage, or other situation.

A sale deed creates a legitimate and legal title to the property in the buyer's favour. It is signed upon the conclusion of the transaction. 

A conveyance deed is a formal document used to transfer ownership of the real estate. 

The stamp duty payment, price, and the conditions under which the parties involved signed a contract to sell a property are also included in the deed.

This contains the full names, addresses, and any other relevant details of the buyer and the seller. 

A sale deed contains a detailed list of the parties. 

All of the details necessary to execute the transfer of property ownership are included in the conveyance deed. 

A sale deed is termed finished when the property is instantly transferred. 

This includes information on the precise definition of the subject property, the owner's chain of title, and the delivery procedure.