Sale of Immovable Property

Selling land or buildings requires a registered sale deed. Oral agreements or unregistered documents are not valid for property transfer.

• A sells his house to B. They must execute a registered sale deed and pay stamp duty for the transfer to be valid.

Sale is a transfer of ownership in exchange for a price paid or promised. Sale of tangible immoveable property of the value of one hundred rupees and upwards can be made only by a registered instrument.