Practice free →
HomeCS ExecutivejurisprudenceRegistration Act 1908 › Under Section 17(1)(b) of the Registration Act, …

Under Section 17(1)(b) of the Registration Act, 1908, a non-testamentary instrument (other than a gift) which purports to create, declare, assign, limit or extinguish any right or interest in immovable property requires compulsory registration when the value of such right or interest is:

Answer & Solution
Correct answer: B.
1. Section 17(1)(b) of the Registration Act fixes the statutory threshold at Rs. 100. 2. The phrase used by the section is "of the value of one hundred rupees and upwards". 3. Below that threshold the instrument falls into Section 18 (optionally registrable). 4. The Rs. 100 figure has not been updated by amendment despite inflation; (A), (C) and (D) misstate the statutory text. _Source: ICSI CS Executive Paper 1 (Jurisprudence, Interpretation & General Laws) — Lesson 15: Registration Act, 1908, pp. 375-388._
Solve this in the app — CS Executive practice & 24k+ MCQs →
Related questions