This section explains what a sale is: it's when ownership of something is transferred for money. If you're selling a house worth more than 100 rupees, you need a registered document. For smaller properties, you can either register or just hand over the property.
A sells his car to B for 50,000 rupees. This is a sale. If A sells his house (worth more than 100 rupees) to B, they need to register the sale deed.
- •You have the right to receive the property if you've paid for it.
- •You can't claim ownership without paying the agreed price.
- •For high-value properties, the sale must be registered.
📒 Legal text sourced from The Gazette of India & AdvocateKhoj Bare Acts Library
⚖️ Content reviewed by Adv. Shailendra Babbar, Seasoned Advocate, with 31 years of legal practice
📚 Act Reference: Transfer of Property Act
Disclaimer: This content is for informational purposes only and does not constitute legal advice. Consult a qualified advocate for specific legal matters.