The Supreme Court held that an agreement to sell between a landlord and a tenant already in possession is not a deemed conveyance unless possession is transferred or the tenancy is surrendered. It added that stamp duty applies only when possession follows.
Buying or selling property in India is often stressful and risky. The Supreme Court described these transactions as “traumatic,” noting that property disputes make up 66% of civil cases, highlighting challenges in land governance and state authority over registration.
The Supreme Court has issued directions for strict implementation of the Rs.2 lakh limit on cash transactions, which was introduced by the government under the Finance Act, 2017, and came into effect from April 1, 2017.
