sale,property for sale,bill of sale form,transfer of property,stamp duty

 

LAWS FOR
ABCs of Indian Law
Family Laws
Business Laws
Police and Crime
Motor Vehicles Laws
Transfer of Property
India Laws Index
Home

Sale

Sale is an absolute transfer of ownership with all rights in the property, for a price. Once the sale is completed, you get all rights of ownership, possession etc. over the property. The seller cannot claim any rights over your property after the sale.

Procedure : Every sale of property above the value of Rs.100/- (i.e. practically every sale) has to be in writing and compulsorily registered. The registration takes place in the office of the Registrar within whose jurisdiction [the area over which the Registrar exercises his/her authority] the property is situated.

Procedure : Stamp duty has to be paid depending on the value of the property [Each state has a law which prescribes the value of the stamp paper required for a particular deal/transaction. The state government fixes the market value of properties in different areas depending on the location and, demand etc. Stamp duty cannot be calculated for a value lesser than this fixed value]. The sale is complete upon registration.

 


ABCs of Indian Law Family Laws Motor Vehicles Business

Gifts

Wills

Crime

Arbitration

Domestic Dowry Licences Mortgage
Violence Adoption Accidents Cheque Bounce
Succession Abortion

Exchange

Consumer Rights
General Terms Divorce Cheque Bounce Intellectual Property
Our System of Laws Renting/Lease Police and Crime Release / Relinquishment
Transfer of Property Sale/Purchase of property Encountering Police Company Law and Shareholders' Rights

Indian Laws Index

Home


 |Home | Contact Us | About Us | Feedback |Advertise with Us |