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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? 
      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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