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Difference between property transaction by court decree and sale deed
26-Aug-2023 (In Civil Law)
What is the difference between property transaction by way of HIGH COURT DECREE registration or sell deed while decree based on family settlement / equally partition
A sale deed is a form of conveyance deed whereby whereby one party transfers the property to another party in lieu of some consideration amount. Under Order 23 of CPC, whenever the parties in a property dispute reach a settlement then the same may be converted into a decree by a court order. A family settlement deed is one whereby the parties who are stakeholders decide about their share and reach a settlement.
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What is Section 54 of the Transfer of Property Act?
The section 54 states that a tangible immovable asset cannot be sold without a document registered unless the value is less than 100 rupees. For tangible immovable properties with a value below Rs 100, either a registered document can be used or the property itself. 17-Jan-2023
What is court decree for property?
Most often, the decree is issued to enforce a mortgage deed or charge or for the recovery of money, or any other type of encumbrance as determined by the court. 23-Nov-2019
What are the 5 types of Transfer of Property Act?
Types of Transfer
The Act allows for the following types of transfers: (1) sale, (2) mortgage, (3) lease, (4) exchange, and (5) gift.
Can a decree be transferred to another person?
The plaintiff can assign a court order granting him a certain amount of money to a third-party.
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