When the registration of sale is necessary ........

Transfer of Property Act SALES OF PROPERTY

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When the registration of sale is necessary:

Movable property above Rs. 100.

Immovable property above Rs 100

Immovable property of any value

Only (a) and (b).

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Explanation:

Immovable property above Rs 100

According to Section 54. "Sale" defined

"Sale" is a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised.

Sale how made : Such transfer, in the case of tangible immovable property of the value of one hundred rupees and upwards, or in the case of a reversion or other intangible thing, can be made only by a registered instrument.

In the case of tangible immovable property of a value less than one hundred rupees, such transfer may be made either by a registered instrument or by delivery of the property.

Delivery of tangible immovable property takes place when the seller places the buyer, or such person as he directs, in possession of the property.