Property Sale

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Property Sale:

Sale is a transfer of ownership in exchange for a price paid or promised or part paid and part promised. The transfer by way of sale of tangible immovable property of the value of less than one hundred rupees may be made either by a registered instrument or by delivery of the property.


What is property sale law?

"Sale" defined. - "Sale" is a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised. Delivery of tangible immoveable property takes place when the seller places the buyer, or such person as he directs, in possession of the property. Contract for sale.


What is the process of sale of property?

Sale agreement is signed and executed by the seller and buyer on a non-judicial stamp paper. The agreement between the buyer and seller is the document in which the sale deed is drafted. Every document acting as evidence of transfer of property b sale is preceded by an agreement to sell.




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