Transfer of Property Act, 1882: This is a foundational law that regulates the transfer of immovable property through sale, mortgage, lease, gift, and exchange. It outlines the rights and duties of parties involved in property transactions..
Indian Stamp Act, 1899: Mandates the payment of stamp duty on property transfer documents, which is necessary to make them legally valid. The duty amount can vary by state.
Registration Act, 1908: Requires the registration of property transactions, such as Sale Deeds, to make them legally enforceable and to create a public record of ownership.
Real Estate (Regulation and Development) Act, 2016 (RERA): This act aims to bring transparency to the real estate sector by making developers register their projects and providing mechanisms for consumer protection and grievance redressal.
Benami Transactions (Prohibition) Act, 1988: Prohibits transactions where property is bought in the name of someone else to evade taxes or hide ownership.
Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013: Governs the process when the government acquires private land for public purposes.
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