What is the time required for rectification deed
05-Sep-2023 (In Property Law)
What time it takes in rectification deed....?
What is Rectification deed?
Rectification or Confirmation deeds are also known as correction deeds. They are entered between two parties to rectify any errors made in a previous deed. These errors may include typing error, misspelt name, error in property description, or any other error in execution of the documents. These mistakes can be later corrected through a deed of confirmation.
Conditions
(a) Error must be genuine
(b) It must be inadvertent not intentional
(c) All the parties must agree to the rectification thereof.
Which law governs the Rectification deed?
The Indian Registration Act recognises confirmation deeds. According to Section 17 of the Act, any deed confirming any interest in immovable property needs to be registered. The confirmation may be given either by acquiescence, by limitation, or by deeds. A confirmation deed attracts stamp duty. In case the main document is registered or to be registered, the corresponding confirmation deed also requires registration.
What is the content of a Rectification deed?
Rectification deeds contains names and addresses of the parties involved, details of the original deed and description of the rectification to be made. It must be clear and concise in language to avoid future complications. It must not alter the scope of the original document or violate any regulations. Also, care must be taken to ensure that the rectification doesn’t deprive either party of their rights.
What is the procedure involved in Rectification deed?
Once the details are agreed upon by the parties the same should be transferred to a duly executed document.
Registration charges and stamp duty are to be paid by the parties as per the laws of the state.
The deed then needs to be registered in the sub-registrar’s office where the original deed had been registered.
In the off chance that there is an error in the rectification deed (ironic but quite possible!), a supplementary rectification deed can be executed by paying requisite stamp duty and registration charges.
What is the recourse available if one party does not agree to the corrections?
In case where parties to the agreement do not agree to such an amendment or rectification of the executed documents, the other party may file a suit before a court under Section 26 of Specific Relief Act 1963.
The aggrieved party may institute a suit to have the deed rectified. The court can direct the rectification of an instrument, if it is satisfied that the deed does not express the real intention of the parties.
Is there any time limit in rectification deed?
There is no limitation for executing a rectification or correction deed. At any point of time if a mistake is found out, rectification deed can be executed.
Rectification or Confirmation deeds are also known as correction deeds. They are entered between two parties to rectify any errors made in a previous deed. These errors may include typing error, misspelt name, error in property description, or any other error in execution of the documents. These mistakes can be later corrected through a deed of confirmation.
Conditions
(a) Error must be genuine
(b) It must be inadvertent not intentional
(c) All the parties must agree to the rectification thereof.
Which law governs the Rectification deed?
The Indian Registration Act recognises confirmation deeds. According to Section 17 of the Act, any deed confirming any interest in immovable property needs to be registered. The confirmation may be given either by acquiescence, by limitation, or by deeds. A confirmation deed attracts stamp duty. In case the main document is registered or to be registered, the corresponding confirmation deed also requires registration.
What is the content of a Rectification deed?
Rectification deeds contains names and addresses of the parties involved, details of the original deed and description of the rectification to be made. It must be clear and concise in language to avoid future complications. It must not alter the scope of the original document or violate any regulations. Also, care must be taken to ensure that the rectification doesn’t deprive either party of their rights.
What is the procedure involved in Rectification deed?
Once the details are agreed upon by the parties the same should be transferred to a duly executed document.
Registration charges and stamp duty are to be paid by the parties as per the laws of the state.
The deed then needs to be registered in the sub-registrar’s office where the original deed had been registered.
In the off chance that there is an error in the rectification deed (ironic but quite possible!), a supplementary rectification deed can be executed by paying requisite stamp duty and registration charges.
What is the recourse available if one party does not agree to the corrections?
In case where parties to the agreement do not agree to such an amendment or rectification of the executed documents, the other party may file a suit before a court under Section 26 of Specific Relief Act 1963.
The aggrieved party may institute a suit to have the deed rectified. The court can direct the rectification of an instrument, if it is satisfied that the deed does not express the real intention of the parties.
Is there any time limit in rectification deed?
There is no limitation for executing a rectification or correction deed. At any point of time if a mistake is found out, rectification deed can be executed.
What are the limitations of rectification deed?
A Rectification Deed cannot correct legal mistakes. The original documents legal status or basic nature cannot be changed by a Rectification Deed. A Rectification Deed cannot fix jurisdictional or stamp duty errors. 16 Oct 2023
What is the process of rectification deed?
Both the buyer and seller must appear in person at the office of the sub-registrar where the deed had been registered if either party finds an error. The official will require that they submit a request for correction of the document along with the supporting documents. 11 Oct 2023
What is the stamp duty for rectification?
Stamp Duty on Rectification Deed
You can cancel the old deed if it is not registered and create a new one. Stamp duty is Rs 100 in the case of deeds registered.
Hi, it can be done in three-four weeks. Rectification deed is for removing all clerical mistakes which occurred inadvertently in the sale deed or some other documents. You have to pay nominal stamp duty.
There is no deadline for a Rectification Deed. No matter what stage of the property transaction the parties are in, if they discover a mistake on the sale deed then they can apply for the Rectification Deed. The majority of us do not know the meaning of most legal documents.
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