India  |  Wills and Trusts

Legal Question

Asked on: 6/18/13, 10:07 pm

does section 17 of Registration Act make registration of settlement deed compulsory ?

1 Answer


Answered on: 6/19/13, 4:28 am by Fca Prashant Chavan

19.06.2013

Dear Sir / Madam,

Documents of which registration is compulsory :

(1) The following documents shall be registered, if the property to which they relate is situate in a district in which, and if they have been executed on or after the date on which, Act No. XVI of 1864, or the Indian Registration Act, 1866, or the Indian Registration Act, 1871, or the Indian Registration Act, 1877 or this Act came or comes into force, namely:-

(a) instruments of gift of immovable property;

(b) other non-testamentary instruments which purport or operate to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees, and upwards, to or in immovable property;

(c) non-testamentary instruments which acknowledge the receipt or payment of any consideration on account of the creation, declaration, assignment, limitation or extinction of any such right, title or interest; and

(d) leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent;

(e) non-testamentary instruments transferring or assigning any decree or order of a court or any award when such decree or order or award purports or operates to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or in immovable property.

Since settlement deed is a non-testamentary instrument, Registration is compulsory.

Regards,


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Expert Edge LLP prashant.pscl07@gmail.com "always A Step Ahead", Mumbai 52

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

133 Answers given in the last few hours.

8661 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search