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    Question

    According to Section 54 of the Transfer of Property Act,

    when is registration compulsory for the sale of immovable property?┬а
    A Only if the property is valued below Rs. 100 Correct Answer Incorrect Answer
    B Only if the property is a movable asset Correct Answer Incorrect Answer
    C If the property is tangible immovable property valued at Rs. 100 or more Correct Answer Incorrect Answer
    D If the sale deed is executed on a Sunday Correct Answer Incorrect Answer
    E Registration is never mandatory Correct Answer Incorrect Answer

    Solution

    For intangible or tangible immovable property valued at Rs. 100 or more, the sale must be effected through a registered instrument to be valid.

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