Are you curious to know what is index 2? You have come to the right place as I am going to tell you everything about index 2 in a very simple explanation. Without further discussion let’s begin to know what is index 2?
When it comes to property transactions, index 2 is an essential document that records the transfer of ownership from one party to another. In this blog post, we will explain what an index 2 is, why it is important, and what information it contains.
What Is Index 2?
An index 2 is a legal document that records the transfer of ownership of a property from one party to another. It is a crucial part of the property registration process and is used as evidence of ownership. An index 2 is also known as a sale deed or conveyance deed.
Why Is An Index 2 Important?
An index 2 is important because it serves as proof of ownership of a property. It is a legally binding document that establishes the transfer of ownership from the seller to the buyer. Without an index 2, the ownership of a property cannot be transferred, and the buyer cannot claim ownership of the property.
What Information Does An Index 2 Contain?
An index 2 contains the following information:
- Details Of The Property: This includes the location, size, and description of the property.
- Details Of The Seller: This includes the name, address, and contact information of the seller.
- Details Of The Buyer: This includes the name, address, and contact information of the buyer.
- Purchase Price: This is the amount that the buyer pays to the seller for the property.
- Payment Terms: This includes the mode and schedule of payment.
- Date Of Transfer: This is the date on which the ownership of the property is transferred from the seller to the buyer.
- Signatures: The index 2 must be signed by both the buyer and the seller, as well as two witnesses.
An index 2 is a crucial document in property transactions that establishes the transfer of ownership from the seller to the buyer. It serves as proof of ownership and is used as evidence in legal disputes. An index 2 contains important information such as the details of the property, the seller and buyer’s information, purchase price, payment terms, and the date of transfer. It is important to ensure that an index 2 is prepared accurately and signed by both parties to avoid any legal disputes in the future.
What Is The Meaning Of Index 2?
As per Section 55 of the Registration Act 1908, Index II or Index 2 is a legal certificate that states all the details of property registration, along with the necessary documents submitted at the Sub-Registrar Office (SRO) for records.
What Is The Difference Between Index 2 And A Sale Deed?
The sale deed is accompanied by an Index II or Index 2 document. It is often the second page of the deed that provides all non-confidential information about the property and the selling transaction. The government issues the certified copy as proof of the legal registration of a property finished at an SRO.
What Is Index 2 In Marathi?
Index II is the summary of any document Registered with the Registrar / Jt. Registrar / Sub-Registrar / Sub-Registrar of Assurances in India. It is also known as नोंदणी – सूची क्र. २ in Marathi.
How Can I Get An Index 2 Copy Online In Gujarat?
After opening https://garvi.gujarat.gov.in, one needs to select the Property Search menu bar. Later District, Sub-Registrar Office, Index 2 Village, Property/Land Type, and Search Type need to be selected. After that TP No./Survey No./Value Zone, Applicant Name, and Mobile Number need to be entered.
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