Property Registration

Harish Rajendran03 Dec, 2020News

In compliance with Section 17 of the 1908 Registration Act, all transactions involving the sale of immovable property over Rs 100 should be registered. This effectively means that it is necessary to register all transactions involving the sale of immovable property, as no immovable property can only be bought for Rs 100. In addition, it is also mandatory to register all gift transactions for immovable property, as well as lease transactions for more than 12 months.