Validity of an unregistered sale agreement

The terms and conditions for the sale of property (immovable or movable) are contained in a Sale Agreement. Section 54 of the Transfer of Property Act (1882) defines sale as a transfer of ownership at a price. It is mandatory to register an agreement for the transfer of rights of immovable property exceeding Rupees. Unregistered sale agreements are enforceable under law. Any shortage in stamp charges can be paid by the Court’s order. This agreement is valid for three years after the date of execution. Unregistered sales deeds require that…

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