what is Sale of immovable property cs study material notes

Posted on 07-04-2016        By ADMIN

Sale of immovable property – ‘Sale’ is a transfer ofownership in exchange for a price paid or promised or part-paid and partpromised. Such transfer in case of tangible immovable property of value of Rs100 or more can be made only by a registered instrument. Delivery of tangibleimmovable property is made when seller places the buyer, or such person as hedirects, in possession of property. Thus, delivery of immovable property can beonly by handing over actual possession to buyer or to a person authorised bybuyer. [section 54].

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