The Registration Act, 1908 (the “Indian Registration Act”) was enacted for inter alia providing the procedure for registration of transactions related to immovable property, to provide notice/information to the public at large, to avoid multiple transactions with respect to the same property and to protect the interest of the purchaser.
Purpose of Registration
Section 3 of the Transfer of Property Act, 1882 provides that where any transaction relating to immoveable property is required by law to be and has been effected by a registered instrument, any person acquiring such property or any part/ interest thereof, shall be deemed to have notice of such instrument from the date of registration, provided the instrument has been registered as per the Indian Registration Act.
Tatva Legal, Hyderabad has an experienced team of corporate lawyers who, amongst other services, advise on a wide range of issues in relation to Indian Registration Act and mergers & acquisitions, private equity and joint ventures.
- Other non-testamentary instruments which purport or operate to create, declare, assign, limit or extinguish, whether in present or in future; any right, title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or in immovable property;
- Non-testamentary instruments which acknowledge the receipt or payment of any consideration on account of the creation, declaration, assignment, limitation or extinction of any such right, title or interest;
- Leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent; and
- Non-testamentary instruments transferring or assigning any decree or order of a Court or any award when such decree or order or award purports or operates to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent of the value of one hundred rupees and upwards, to or in immovable property.