REGISTRATION OF PROPERTY IN INDIA

When a valid sale of a property takes place, it comes with certain compliances. For a valid sale of property, it must come with a valid sale deed or agreement and in order to give such sale deed a valid essence, it must be registered as per the Registrations Act, 1908. The registration of sale and purchase of immovable property is mandatory and ensures conservation of evidence, prevention of fraud and assurance of title. As per the Section 17 of the Registrations Act, 1908, all transactions involving sale of an immovable property for a value exceeding Rs. 100, should be registered. Also, all transactions of immovable property in form of gift or in form of lease for a period exceeding 12 months are also mandatorily required to be registered.

REGISTRATION OF PROPERTY IN INDIA - (mylawyersadvice.com)

Comments

Post a Comment

Popular posts from this blog

Case Analysis: Medical Negligence-Spring Meadows Hospital and Anr v. Harjol Ahluwalia and Anr. (1998) 4 SCC 39.

The Supreme Court observed that “The true position is that an error of judgement may, or may not, be negligent, it depends on the nature of the error. If it is one that would not have been made by a reasonably competent professional man professing to have the standard and type of skill that the defendant holds himself out as having, and acting with ordinary care, then it is negligence. If on the other hand, it is an error that such a man, acting with ordinary care, might have made, then it is not negligence.” Case Analysis: Medical Negligence-Spring Meadows Hospital and Anr v. Harjol Ahluwalia and Anr. (1998) 4 SCC 39. - (mylawyersadvice.com)
Read more

Top Ten Tips for Attracting Foreign Investments for Indian Start-Ups: Lawyers Advice

  A new trend in the form of startups has seen a steady growth in India in the past one decade. India ranks as the 3rd largest startup ecosystem in the world, with 1,300 new startups emerging in the year 2019. It is responsible for creating 60,000 direct jobs and around 1.5 Lakhs indirect jobs. A startup is a new venture initiated through an entrepreneur which is based around an idea or a problem faced by people, which has a great market potential. The biggest issue faced by such an entrepreneur is to acquire the required funding to implement the idea and initiate the actual business. Top Ten Tips for Attracting Foreign Investments for Indian Start-Ups: Lawyers Advice - (mylawyersadvice.com)
Read more

Relinquishment Deed & Transfer of Property by Non-Resident Indians (NRI)

  The easiest way to transfer a property in India by an  Non-Resident Indian (NRI)  is by executing a Relinquishment Deed. The same d oes not involve hassles and is a legal document which is legally enforceable by the Courts of law in India . The Relinquishment Deed is a valid piece of evidence which is admissible before the Sub-Registrar’s Office in order to enable the transfer of a property including the change of name in the official land records. Relinquishment Deed & Transfer of Property by Non-Resident Indians (NRI) - (mylawyersadvice.com)
Read more