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Sale of Property![]()
| Sale of Property Sale is a transfer of ownership in exchange for a price paid or promised or part paid and part promised. The transfer by way of sale of tangible immovable property of the value of rupee one hundred and above can be made by a registered instrument. The transfer by way of sale of tangible immovable property of the value of less than one hundred rupees may be made either by a registered instrument or by delivery of the property. Sale of immovable property has been defined as a transfer of ownership in exchange for a price paid or promised or part paid and part promised. |
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