A Sale Deed is a legal document that officially transfers ownership of a property from the seller to the buyer. It is executed after the full payment has been made and includes all terms, conditions, and details of the transaction. Once registered, it gives the buyer complete legal rights to the property.
An Agreement for Sale, on the other hand, is a preliminary contract between the buyer and seller, outlining the terms and conditions of the sale before the actual transfer. It signifies the intent to transfer property ownership in the future, usually after fulfilling specific conditions, such as payments or approvals. It does not transfer ownership by itself but is an essential step before the Sale Deed.