Yes, the registration of instruments of sale is governed and regulated by the Registration Act 1908. As most people invest all of their living income in the purchase of real estate, this is one of the most relevant documents to reflect the title of the property, both for buyers and sellers. Although each state has different laws and procedures for registering property, Section 17 of the Indian Registration Act, 1908, made it mandatory to register documents related to the sale, purchase, transfer or ease of ownership. The law does not recognize unregistered characteristics and there is no recourse for unregistered real estate in case of charges/omissions. Therefore, it is always advisable to register the property in order to avoid problems a posteriori. In accordance with the Indian Registration Act of 1908, any agreement relating to the transfer of shares in immovable property with a value of more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a correct deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. The registration of the deed of sale does not remove the existing entry, i.e. the contract of sale.
It remains so, and the last entry is the contract of sale between the same parties who were in the contract of sale, so it will provide reasonable grounds for the appearance of such entries in the certificate of charge. The sale is a transfer of ownership in exchange for a price paid or promised or partially paid and partially promised. As a rule, the governments of the Länder apply stamp duty and registration duty at the indicated value or district/government rate, whichever is higher. According to stamp duty, 1% of the value of the property is collected as a registration fee to be paid for the registration of the instrument. Under the Transfer of Ownership Act, a contract of sale, with or without ownership, is not a transfer….