Which documents require to be compulsorily registered?
Section 17 of the ‘Registration Act, 1908’ lays down different categories of documents for which registration is compulsory. The documents relating to the following transactions of immovable properties are required to be compulsorily registered;
a) Instruments of gift of immovable property.
b) Lease of immovable property from year to year or for any term exceeding one year or reserving a yearly rent.
c) Instruments, which create or extinguish any right or title to or in an immovable property of a value of more than one hundred rupees.
Under Section 2(6) of ‘the Registration Act, 1908’ the term “Immovable Property” includes; “Land, buildings, hereditary allowances, rights to ways, lights, fisheries or any other benefit to arise out of land, and things attached to the earth, or permanently fastened to anything which is attached to the earth, but not standing timer, growing crops nor grass.”