Agreement for Sale vs Sale Deed
One promises the sale, the other completes it
Buyers sign two key documents: the agreement for sale and the sale deed. Here is how they differ and what to check in each.
The Difference
| Aspect | Agreement for sale | Sale deed |
|---|---|---|
| Purpose | Sets terms of a future sale | Transfers ownership |
| When | After booking | At handover / full payment |
| Ownership | Not transferred | Transferred to buyer |
| RERA | Registered agreement required before taking more than 10% | Final conveyance |
| Stamp duty | Applicable as per Karnataka rules | Full stamp duty on value |
What to Check in the Agreement
Plot Schedule
Plot number, dimensions, area and boundaries.
Price & Schedule
Total price, charges and milestone payments.
Possession Date
Date matching the RERA filing.
Delay & Default
Interest and remedies on both sides.
Cancellation
Refund rules and deductions.
Specifications
Infrastructure and amenities promised.
What to Check in the Sale Deed
- Correct names, plot schedule and boundaries matching the approved layout
- Recital of title and approvals
- Stamp duty on the higher of consideration and guidance value
- Covenants on use, maintenance and township rules
See property registration and stamp duty.
Prestige Olive Oak at a Glance
| Developer | Prestige Group (Prestige Estates Projects Ltd.), est. 1986, Bengaluru |
| Location | Chikkajala, off Bellary Road (NH-44), North Bangalore 562157 — see location |
| Land Area | 30+ acres with about 4.5 acres of open space |
| Total Plots | About 600 freehold villa plots |
| Plot Sizes | 1,200, 1,500, 2,000 & 2,400 sq.ft. + odd/corner plots — see plot plans |
| Price | From ₹1.20 Cr* (EOI ₹10,000/sq.ft.) — see price list |
| Status | Pre-launch, EOI open; launch expected 10 December 2026 |
| RERA | Awaited — verify on rera.karnataka.gov.in before booking |
| Possession | Target December 2029 (as per RERA filing) |
Frequently Asked Questions
No. Ownership transfers only on registration of the sale deed.
Under RERA, a promoter cannot take more than 10% before a registered agreement for sale, so it is registered.
At handover after full payment, at the Sub-Registrar's office.
Stamp duty applies to both as per Karnataka rules; the sale deed attracts the full duty on value.
Get in Touch
Contact us for the Prestige Olive Oak plot plan, EOI cost sheet, site visits, plot availability and pre-launch offers.