In which of the following cases of transfer of an immovable property there is no consideration involved?
Answer & explanation
Correct answer: option 2
Sale, Lease, Exchange and Gift
|
Basis |
Sale |
Lease |
Exchange |
Gift |
|
Transfer |
Transfer of ownership for price |
Transfer of limited ownership for rent |
Transfer of ownership for some other property |
Transfer of ownership without consideration |
|
Consideration |
Price |
Rent |
Another property |
No Consideration |
|
Mode |
Sale deed should be registered |
Lease deed should be registered |
Sale deed should be registered |
Gift of immovable property should be registered. |