What is the purpose of registration of a document of transfer of immovable property?

Answer- (a) The purpose of registration of a document of transfer of immovable property is that after registration, the document of transfer becomes a permanent public record. A public record can be inspected by any person and a certified copy can be obtained from the office of Sub-Registrar.

What is the purpose of registration of a document?

The purpose of registration of a document is to give ‘notice to the world’ of a certain property document having been executed. Record keeping is another important function of registration offices and these records are permanent for all practical purposes.

Why registration is important for property?

A person is considered the legal owner of a property only after he gets the property registered in his name. If you fail to register the property, the previous owner or the developer will be considered the legal and rightful owner. … The basic purpose of registration is to record the ownership of the flat.

What is registration in Transfer of property Act?

Transfer of Property Act, 1882: this is a central act which provides for general principles of immovable property such as their sale, exchange, gift, lease, mortgage etc. … Registration Act, 1908: the act regulates the procedure and lists the documents required for registration of the movable and immovable property.

IT IS IMPORTANT:  Can a judge force a house sale?

What is the purpose of Indian Registration Act?

The Registration Act, 1908 was set up with the purpose of ensuring registration of documents and that all the important information related to deal regarding land or other immovable property. Having a document registered can add more authenticity to that of the document.

Why is registration important in events?

Registration is at the heart of meetings and events. It’s is how event professionals secure attendees and thus how you secure potential revenue. In addition, registration acts as the first impression your attendees will have about your meeting or event and may impact their event satisfaction.

What is a registered document?

REGISTERED DOCUMENT is a document that has been submitted to a residential or nonresidential data registry for retention, and the data registry has assigned a unique registration number to the document.

What is registration of a property?

Registration of the property is a full and final agreement signed between two parties. … Through registration of Sale deed, a person is able to acquire the rights of the property on the date of execution of the deed.

What is transfer of immovable property?

Transfer of property is an act of conveying property from one person to another, in present or future. … There are various modes of transferring ownership of property: permanently by 1) relinquishment 2) sale 3) gift; and temporarily by way of 4) mortgage 5) lease and, 6) leave and license agreement.

What is transfer of property under Transfer of Property Act?

“Transfer of property” defined. —In the following sections “transfer of property” means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, 1[or to himself] and one or more other living persons; and “to transfer property” is to perform such act.

IT IS IMPORTANT:  Are seniors exempt from property taxes in Tennessee?

What can be transferred under Transfer of Property Act?

The general rule of the Transfer of Property Act is that any property can be transferred whether movable or immovable. Section 6 states that property of any kind can be transferred, except as otherwise provided by this act or by any other act for the time being in force.

What is the effect of non registration of documents?

Effects of non-registration of documents

The document shall not confer any power to adopt. The document cannot be received as an evidence of any transaction affecting such property or conferring such power.

When should a document be registered?

WHEN TO REGISTER DOCUMENTS? According to Section 23 of The Registration Act, 1908, all documents except a will have to be presented for registration within 4 months from the date of execution.

What happens if land is unregistered?

Unregistered Land – Summary:

If the property is unregistered, no information will be held about the property, including who the owner of the land is. When it comes to unregistered land, the owner must demonstrate their ownership of the property through what is called a ‘root of title’.