Conveyance Deed - Explained (Hindi) - YouTube

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MUSIC

Namaskar, my name is Mukul, and welcome to Asset Yogi.

Where we unlock the knowledge of real estate and finance.

In this video, I am going to talk about the Conveyance deed in detail.

What is a conveyance deed and how is it different from a sale deed?

How many types of conveyance deeds are there?

What kind of rights are transferred by conveyance deed

We will know about all these things in detail in this video.

Without any delay let's go straight to my computer screen

Let us understand the conveyance deed with an example.

Suppose this is a property and its owner is A.

So as an owner A has certain rights.

And what are these rights?

The first is the right to use

He can use his property in any way.

The second is the right to lease.

He can give his property on rent.

The third is the right to mortgage.

He can take a loan against his property

He can mortgage his property with any bank or financial institution.

Fourth is the right to sell

he can sell his property

Now suppose the owner wants to transfer one of these rights

Suppose the owner wants to transfer some rights to B.

so what option does he have?

The first option is that he can transfer the ownership right.

How is the ownership right transferred?

It can be transferred through a sale deed, gift deed

Relinquishment deed,

Or by exchange deed.

What is a sale deed?

The property is sold in a sale deed.

And the payment is made which we call consideration.

without consideration or any payment or price sale is not considered.

If it is selling then there will be a consideration only then the sale deed will be executed.

And suppose there is no consideration.

So there are more options available

Such as Gift deed, relinquishment deed or exchange deed

through which the ownership right can be transferred

And in these cases, there is no payment and consideration.

When is the gift deed is signed?

When someone transfers his property to a relative or a family member.

Or whoever he wants to gift

Relinquishment deed is signed when

Suppose there is a part-owner.

Or suppose someone has half a share in the property.

Suppose someone owns one-third of the share

And he wants to give his share to someone else

who is a partner in that property

So the relinquishment deed is signed

An exchange deed is signed when someone exchanges property with another person.

So in all these cases, the ownership right is transferred.

The owner has another option that he can transfer his right to use.

So how does the right to use is transferred

The lease deed is signed for that.

So whenever someone rents out his property

In such a case the lease deed is signed

And the third option is that he can mortgage his property.

He can take a loan against his property.

By mortgaging the property with a bank or any financial institution

So in all these options when the right is being transferred

So the right is conveying from A to B

So we call all these deeds the conveyance deed.

So in a nutshell.

When the conveyance deed is signed

Then a right is transferred from grantor to grantee.

So in this case A is the grantor who is the owner of the property.

A granted a right to B.

So B is a grantee in all these cases.

So if we spoke in a nutshell

So all these deeds.

Sale deed, gift deed,

relinquishment deed, exchange deed.

Exchange deed, mortgage deed

They all are forms of the conveyance deed.

These are the procedures of conveyance deed

All these deeds are legal when both the grantor and the grantee have signed it

And when they are notarized

But if you want to make any deed complete.

then you should register the deed

The registered deed is the perfect deed

And non-registered deeds are not illegal but we can call them imperfect.

So suppose if your original copy is lost

So you have no proof left to prove it.

So if you want to create a perfect deed.

So you get it registered because you can always get a copy of it from the registrar office.

So think after watching this video you must have understood what is a conveyance deed.

And sale deed and conveyance deed are not the same

Many times people get confused and they assume the sale deed is a conveyance deed.

A sale deed is a type of conveyance deed but there are other types of conveyance deed also.

as we just talked about

Such as gift deed, relinquishment deed, exchange deed

Lease deed and mortgage deed

So that's all in this video.

If you want to suggest finance or investment related topics

So please comment.

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Till then keep learning, keep earning

and be happy