Section 54 The Transfer of Property Act, 1882

 

 Section 54 The Transfer of Property Act, 1882: 

“Sale” defined.—‘‘Sale” is a transfer of ownership in exchange for a price paid or promised or part-paid and part-promised. Sale how made.—3Such transfer, in the case of tangible immoveable property of the value of one hundred rupees and upwards, or in the case of a reversion or other intangible thing, can be made only by a registered instrument. 1In the case of tangible immoveable property of a value less than one hundred rupees, such transfer may be made either by a registered instrument or by delivery of the property. Delivery of tangible immoveable property takes place when the seller places the buyer, or such person as he directs, in possession of the property. Contract for sale.—A contract for the sale of immoveable property is a contract that a sale of such property shall take place on terms settled between the parties. It does not, of itself, create any interest in or charge on such property.

Supreme Court of India Important Judgments And Leading Case Law Related to Section 54 The Transfer of Property Act, 1882: 

Raghunath & Ors vs Kedar Nath on 3 February, 1969

Radhakisan Laxminarayan vs Shridhar Ramchandra Alshi And on 23 August, 1960

Suraj Lamp & Industries (P)  vs State Of Haryana & Anr on 11 October, 2011

Radhakisan Laxminarayan vs Shridhar Ramchandra Alshi And on 23 April, 1960

Ghanshyam Sarda vs Sashikant Jha, Director M/S Jk on 18 November, 2016

Ananda Behera And Another vs The State Of Orissa And Another on 27 October, 1955

Narandas Karsondas vs S.A. Kamtam & Anr on 7 December, 1976

Shyam Lal vs Deepa Dass Chela Ram Chela Garib on 5 July, 2016

Jai Narain Parasurampuria (Dead)  vs Pushpa Devi Saraf & Ors on 24 August, 2006

Piarey Lal vs Hori Lal on 7 February, 1977

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