PProperty Laws in India

Property Laws in India

In India, property laws cover various aspects of property ownership, including the Transfer of Property Act, 1882, which governs property transfers, and the Real Estate (Regulation and Development) Act, 2016 (RERA), which protects homebuyers and regulates real estate developers. The Registration Act, 1908 ensures the legal validity of property transactions, and the Benami Transactions Act, 1988 prohibits tax evasion through property held in others' names.

Inheritance laws in India differ by religion, with the Hindu Succession Act, 1956 granting equal rights to daughters in ancestral property, while the Indian Succession Act, 1925 governs inheritance for Christians and other groups. Muslim Personal Law applies to inheritance for Muslims based on Islamic principles.

Tenancy laws are governed by state-specific Rent Control Acts and the Model Tenancy Act, 2021, which seeks to balance the rights of landlords and tenants. The Right to Fair Compensation and Transparency in Land Acquisition Act, 2013 ensures fair compensation for acquired land, while stamp duty and property taxes are regulated by state and local laws.

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