The registration of the property is a complete and final agreement signed between two parties, namely the buyer and the seller. Finally, home buyers should keep in mind that only a registered sale instrument can facilitate the transfer of ownership of real estate. Those who have purchased real estate under a sales contract are not entitled to the property. You should immediately ask the seller to prepare the deed of sale and register it in accordance with the Indian Registration Act. “An agreement of sale is not synonymous with a certificate of sale of the same property.” Please note that the transfer of “ownership” is also carried out through the execution of other documents accepted by law such as – deed of gift, deed of renunciation, WILL, etc., mobile property includes material property that is not land, buildings and other real estate. For example, machines, tools, vehicles, raw materials, consumer goods, etc. In India, the sale of property is governed by the Sale of Property Act 1930. On October 31, 2020, a 40-year-old man was arrested by Noida police for defrauding a bank of two Crores Rs., falsifying sales documents and borrowing. On the same day, Madurai Principal Sessions Judge G Ilangovan granted early bail for document registration without prior verification to two sub-registrars arrested by the Dindigul District Crime Branch.
According to the police, they registered the deed of sale without checking the certificate of hardship, as well as the original documents, parental documents, death certificate, etc. The sale of real estate is linked to complex procedures.