1. Amendment of section 53(A) of Transfer of Property Act, deleting words to ‘the contract though required to be registered has not been registered’.

2. Introduction of section 17(1) (A) in the Indian Registration Act making contracts to transfer for consideration of any immovable property in the nature of section 53(A) of the Transfer of Property Act including agreement to sell compulsorily registerable.

3. Addition of new article namely article 23(A) of Indian Stamp Act, 1899, ‘conveyance in the nature of part performance chargeable to 90% of the duty payable as a conveyance’.

With the introduction of these amendments, the documents containing contracts to transfer for consideration, any immovable property including agreement to sell for the purpose of Section 53A of the Transfer of Property Act, 1882, are required to be registered if they have been executed on or after 24th September, 2001.

The stamp duty to the extent of 90% of the duty as a conveyance payable on the consideration set forth in the document shall be payable on such instrument and the rest of the 10% of the duty shall be payable at the time of completion of document. It would be in the interest of executants to secure their rights of the property, by registering such documents. Non-registration of such instruments may render these documents inadmissible in evidence in any office or court for filling any suit or claim. We request the executants of such instruments to refer to the notifications No. 56 dated 24th September for further clarification.