The Registration Act, 1908 is a statute that provides for the registration of various types of documents. However, there are some documents for which registration is optional. These documents are listed under Section 17 of the Registration Act, 1908.
The following are some of the documents for which registration is optional:
Will: A will is a legal document that specifies how a person’s assets will be distributed after their death. The registration of a will is optional. However, if the will involves the transfer of immovable property, it must be registered.
Power of Attorney: A power of attorney is a legal document that gives someone else the authority to act on your behalf. The registration of a power of attorney is optional.
Trust: A trust is a legal arrangement where one person holds property for the benefit of another. The registration of a trust is optional. However, if the trust involves the transfer of immovable property, it must be registered.
Gift Deed: A gift deed is a legal document that transfers ownership of property from one person to another as a gift. The registration of a gift deed is optional. However, if the gift deed involves the transfer of immovable property, it must be registered.
Release Deed: A release deed is a legal document that relinquishes or releases a person’s interest in a property. The registration of a release deed is optional.
It is important to note that even though registration is optional for these documents, it is advisable to get them registered. This is because a registered document is considered more reliable and provides greater legal protection in case of disputes or legal challenges.