In accordance with the Indian Registration Act of 1908, any agreement relating to the transfer of shares in immovable property with a value of more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a correct deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. The above definition makes it clear that a contract of sale contains a promise of future transfer of a property in question if certain conditions are met. This agreement itself therefore does not create any right or interest in the property for the proposed buyer. If the fellow needs title/title insurance before taking possession of the property, he receives a loan from a third-party loan, or a current mortgage must be repaid for the fellow to take ownership freely and freely of all pledge rights, usually a full conclusion is required. Then we can help you with our final service from A to Key™! Laws related to the registration of real estate transactions in India. The contract of sale may, or may not, lead to an actual sale of the property in question. Some stamp duty laws, such as the Maharashtra Stamp Act, provide for an agreement to sell real estate as an appropriate deed of transfer and are therefore subject to the same stamp duty as that applicable to the deed of transfer or deed of sale of real estate. The contract describes how the property can be used during his lifetime and how it is distributed in the event of death. . .