SALE OF IMMOVABLE PROPERTY IN INDIA

 For a sale to be a valid sale, it must cover the essential elements as prescribed under Section 54 of the Transfer of Property Act 1882. These elements are as follows:-

  • Parties- In a sale, there has to be a buyer and a seller. Both of these parties must be competent to enter into a contract as per the Indian Contract Act.
  • Subject Matter- The subject matter of sale deed should be immovable property.
  • Transfer of Ownership- Price is the consideration and essence of any sale deed. It may be lump sum or in installments as agreed between the parties.

SALE OF IMMOVABLE PROPERTY IN INDIA - (mylawyersadvice.com)

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