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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
Concept of
Property
Property- Bundle of Rights
Categories of rights in property-
Ownership
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
things (for example patents,
copyrights, trademarks etc)
Jura in re Aliena
encumbrances, whether over
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
Movable Property-
Sales of Goods
Act,1930
Transfer of
Immovable
Property- Transfer
of Property Act,
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.
Sale, Gift, Mortgage,
etc.
Transfer of
Property
• By Operation of Law eg.
Intestate succession,
auction sale, etc. Securitization
And Reconstruction Of Financial Assets And
Enforcement Of Security Interest Act, 2002
Transfer of
Property
TPA is
Applicable
TPA is not
Applicable

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  • 2. 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
  • 3. Overview of the Syllabus Legislations Covered-  Transfer of Property Act, 1882  Indian Easement Act,1882  Indian Stamp Act, 1899  Indian Registration Act,1902
  • 4. Concept of Property Property- Bundle of Rights Categories of rights in property- Ownership Possession Enjoyment Alienation
  • 6. Types of Property  Corporeal Property- Movable & Immovable  Incorporeal Property- Intangible property  Intangible property- Jura in re propria Over Material things (for example patents, copyrights, trademarks etc) Jura in re Aliena encumbrances, whether over material or immaterial things, for example, Lease, mortgage etc.
  • 7. 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.
  • 8. Mode of Transfer  MP: Delivery of possession  IP- Written, attested & registered instrument.
  • 9. Transfer of Movable and Immovable Property Transfer of Movable Property- Sales of Goods Act,1930 Transfer of Immovable Property- Transfer of Property Act, 1882
  • 10. 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.
  • 11. Analysis of Preamble • By Act of Parties eg. Sale, Gift, Mortgage, etc. Transfer of Property • By Operation of Law eg. Intestate succession, auction sale, etc. Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 Transfer of Property TPA is Applicable TPA is not Applicable