Rent agreement or property leases where the tenancy period is up to 11 months: This is the reason why most rent agreements are signed for a period of 11 months.
HOW DO I REGISTER TO TAKE THE ACT S REGISTRATION
Will: While registration is not mandatory, it is ideal to register a will to provide it property legal standing.Section 18 of the Registration Act, 1908, holds that the following documents may or may not be registered: Contracts to transfer immovable property for purposes mentioned in Section 53A of the Transfer of Property Act, 1882.ĭocuments for which registration is optional.Lease of immovable property from year to year.Non-testamentary instruments or transactions that involve the sale of an immovable property for a value exceeding Rs 100.Instruments of gift of immovable property.See also: Frequently asked questions on property registration in Indiaĭocuments that require mandatory registration The term ‘immovable property’ includes land, buildings and any rights attached to these properties. In special cases, when a party to the transaction cannot come to the sub-registrar’s office, the sub-registrar may depute any of its officers to accept the documents for registration, at the residence of such person. Additionally, all transactions of lease for a period exceeding 12 months are also mandatorily required to be registered. Even though the donor does not receive any monetary consideration in exchange for the property, the gift deed has to be registered to get legal validity. The same rule applies to gift of property, as well. This effectively means that all the transactions of sale of immovable property have to be registered, as no immovable property can be purchased for merely Rs 100. Under Section 17 of the Registration Act, 1908, all transactions that involve the sale of an immovable property for a value exceeding Rs 100, should be registered. This law provides for the registration of various documents, to ensure conservation of evidence, prevention of fraud and assurance of title.Īmong the many property-related transaction that attract mandatory registration is purchase of high-value residential units and plots. The law of registration of documents is contained in the Indian Registration Act, 1908.
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