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Property LAW: DR Ruchi Lal

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PROPERTY

LAW

By
Dr Ruchi Lal
Life, liberty, and property do not exist because men
have made laws. On the contrary, it was the fact that
life, liberty, and property existed beforehand that
caused men to make laws in the first place.
~ Frederic Bastiatist
Overview of the Syllabus

Legislations Covered-
◼ Transfer of Property Act, 1882

◼ Indian Easement Act,1882

◼ Indian Stamp Act, 1899

◼ Indian Registration Act,1902


Property- Bundle of Rights

Categories of rights in property-


Concept of Ownership

Property Possession

Enjoyment

Alienation
Types of Property-
Immovable &
Movable
Types of
Property
◼ Corporeal Property- Movable & Immovable
◼ Incorporeal Property- Intangible property
◼ Intangible property-

Jura in re propria Over Material Jura in re Aliena


things (for example patents, encumbrances, whether over
copyrights, trademarks etc) material or immaterial things, for
example, Lease, mortgage etc.
Relevance for Studying the
Distinction Between Movable(MP)
and Immovable Property(IP)

◼ General rules of TPA are


applicable to both MP/IP, but it
governs transfer of specific IP
only.
◼ Difference in Procedural
formalities.
◼ Transfer of IP attracts the
provision of Stamp Duty Act.
◼ Different time stipulated in law
of limitation for filling a suit
incase of disputes pertaining
to MP/IP.
Mode of Transfer

◼ MP: Delivery of
possession
◼ IP- Written,
attested &
registered
instrument.
Transfer of Movable and Immovable Property

Transfer of
Transfer of
Immovable
Movable Property-
Property- Transfer
Sales of Goods
of Property Act,
Act,1930
1882
Transfer of Property Act,1882
◼ Historical background of the Act.

◼ Preamble - An Act to define and amend the law relating to


the transfer of property by act of parties.

◼ Key terms in Preamble- Amend, transfer of property and


Act of parties.
Analysis of Preamble

• By Act of Parties eg.


Transfer of Sale, Gift, TPA is
Property Mortgage, etc. Applicable

• By Operation of Law
Transfer of eg. Intestate TPA is not
Applicable
Property succession, auction
sale, etc.

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