Financial Services
Registered valuation plays a crucial role in determining the fair market value of a property, ensuring transparency in transactions. Whether buying, selling, or securing a loan against property, a certified valuation report is essential for legal and financial purposes. Additionally, understanding the legal framework under the Transfer of Property Act is important for property dealings. Section 3 of the Transfer of Property Act defines key terms like ‘immovable property’ and ‘instrument,’ forming the foundation of property law in India. Meanwhile, Section 61 of the Transfer of Property Act deals with specific conditions related to property transfer and rights of parties involved. Knowing these legal aspects helps in smooth property transactions and legal compliance.
