On October 29, 2020, the registration department saw a record registration of 20,307 documents with 575 sub-registrar offices. The sale of stamp and registration duties that day brought Rs 123.35 crores. October was a good month for the department with a salary of Rs 1.096 billion. The judges continued: “In any case, the onward transfer will always depend on the rights already created. Therefore, it is not possible to say that it is only because the contract of sale is registered that a further transfer is prohibited and cannot be registered without obtaining a decree on the declaration of nullity of such a contract. In drafting the judgment, Justice Kumar noted that the 1908 Act allowed officers of the Registration Division to refuse registration of a document in a limited number of circumstances and did not establish any omnibus powers for them. This is very useful to know the importance of the deed of sale when buying a property in Chennai. In early 2020, property listings declined due to the coronavirus pandemic and the resulting lockdown. However, from August 2020, sales increased, as evidenced by income from property registrations in August, which amounted to Rs 793 billion. Sources also indicate that this year, an additional 17,000 registrations were received in August, unlike the same period in 2019. In order to prevent land theft, the registration of documents relating to powers of attorney and property purchase contracts will be made mandatory in Tamil Nadu from December.
Section 19 of the Act states that officials could refuse to accept a registration document if it was in a language they did not understand or that was not common in the district, unless it was accompanied by a true translation. “We assume that registrar does not have the right to refuse registration of the following document on the grounds that the sales contract has already been registered for the same property.” Stamp duty and registration fees remain the same for men, women and common buyers in Tamil Nadu. “Land and land in and around Chennai has moved relatively quickly,” says T Balabhaskar, a local real estate entrepreneur, adding that total sales have suffered from restrictions on intergovernmental travel and the increase in Covid 19 cases. Local brokers are also hoping that actual sales have lived, as on-site demand has increased. Potential home buyers have inquired about price advantages, skonti and tailor-made packages and see an investment opportunity despite the pandemic.. . .