Supreme Court Update: Supreme Court has made it clear that ownership will be obtained through registry

Supreme Court: If a person buys a property, he cannot be considered the legal owner until its sale deed is registered in the registry office. The court also said that just taking possession of land or house does not give ownership rights.

Supreme Court decision

The Supreme Court has given an important decision. The bench headed by Justice BV Nagarathna has said that the purchase and sale of any immovable property will be considered valid only if it is done through a registered sale deed.

The court said that according to section 54 of the Transfer of Property Act of 1882, if the value of the property is Rs 100 or more, then its transfer will not be valid without registration. This means that even if you have paid for the property and have taken possession, you will not be considered the legal owner until a registered sale deed is made.

Big blow to middlemen

This decision came in a case where a person had bought property in an auction. The Supreme Court gave the decision in his favour and said that the real owner of the property will be the one whose sale deed is registered. 

This decision has given a big blow to property dealers and middlemen, because now they will not be able to buy property only through power of attorney or will. Now ownership rights will be available only when the sale is registered legally.

The government cannot acquire every private property

In November last year, the Constitution Bench of the Supreme Court, headed by the Chief Justice (CJI), gave an important verdict. The court clearly said that the state government cannot acquire everyone's private property. The government can acquire only certain properties and in certain circumstances. 

With this decision, the Supreme Court repealed its old decision given in 1978, in which more powers were given to the government. This new decision further strengthens the property rights of citizens.