In cases where you have purchased and taken possession of real estate under a contract of sale, title to the property remains in the hands of the developer, unless a certificate of sale has been executed a posteriori and registered under the Indian Registration Act. Thus, it is clear that a title to immovable property can only be transferred by a deed of sale. In the absence of a duly stamped and registered deed of sale, the buyer of the property does not have the right, title or interest in a property. A contract of sale is a promise in the future that the property will be transferred to the rightful owner, while the deed of sale is the actual transfer of ownership to the buyer. Under the Transfer of Ownership Act, a contract of sale, with or without ownership, is not a transfer. Section 54 of the Transfer of Ownership Act provides that the sale of immovable property may be made only by a registered instrument and that a contract of sale does not generate interest or charges for its property. The Supreme Court has also reaffirmed the importance of the sales contract between the contracting authority and the buyer, since it recently decided that the period of allocation of a housing unit to a buyer of a house must be taken into account from the date of the project-buyer contract and not from the date of registration of the project under the Real Estate (Regulation and Development) Act. 2016. The court also ordered the RERA authorities to order the payment of compensation by the contracting authority under the contract of sale, the sanctity of which was confirmed by that order.

The registration fee in Rajasthan for rental contracts is charged with 1% of the consideration. 11-month lease: Perhaps one of the most common types of rentals, this contract is almost always used for residential purposes. The duration of this contract is 11 months, as the name suggests, with the possibility of extension if both parties so wish. Registration and certification are often ignored for this agreement. Registration is a method by which the contents of a document are recorded with an official. This has the following advantages: in recent times, the state has experienced a boom in the real estate market due to several development projects that were underway there. Rajasthan is home to a few popular businesses and so it is natural that a certain portion of educated people have flocked to the state in search of opportunities. This has led to an increase in demand for rental housing and, consequently, rental contracts.