Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in any other law for the time being in force, where any document required to be registered under the provisions or clauses (o) to (e) of sub-section (2) o1 s.•--t1on 17 of the Ttegistration Act, 1908, purports to transfer by way of sale, mortgage, gift, lease or otherwise any land or a:iy building (including any portion thereof) ,— (n) in the case of any transfer referred to in section 26, no registering officer appointed under *!aat Act shall register any such document unless the transferor p.oduccs betore such re istering officer evidence to show that he has ,given notice of the intended transfer to the competent authority ‹meter that section and, where such transfer is by way of sale, the period of sixty days referred to in sub-section (2) of that section has elapsed; (b) in the case of any transfer referred to in section 27, no registering officer appointed under that Act snail regis*er any such document unless tire transferor produces before such registering officer the permission in writing of the competent authorit5• for such transfer or satisfies the registering officer that the period of sixty days referred to in sub-section (4) of that section has elapsed. lofl894 \6 of 1900 2a Urban Land (Ceiling and Regulation) [ACT 33 building referred to in sub-section (1) by way of sale, and the competent authority is of the opinion that such permission may be granted, then, the competent authority shall have the first option to purchase such land with building or a portion only of such building on behalf of the State Government at such price as may be agreed upon between the competent authority and the applicant or, in a case where there is no such agree- ment, at such price calculated in accordance with the provisions of the land Acquisition Act, 1894 or of any other corresponding law for the I of 1894 time being in force. Begala- tion of registra- tion of documents in certain :uses. (b) If the option referred to in clause (a) is not exercised within a period of sixty days from the date of receipt of the application under ,his section, it shall be presumed that the competent authority has no intention to purchase such land with building or a portion only of such building on behalf of the State Government and it shall be lawful for such person to transfer the land to whomsoever he may like: Provided that where the competent authority exercises within the period aforesaid the option to purchase such land with building or a por- tion only of such building, the execution of the sale deed shall h com- pleted and the payment of the purchase price thereof shall be made within a period of three months from the date on which such option is exercised. (6) For the purpose of calculating the price of the land and building or, as the case may be, a portion only of such building under clause (a) of sub-section (5), it shall be deemed that a notification under sub-sec- tion (1) of section 4 of the Land Acquisition Act, 1894 or under the re- levant provision of any other corresponding law for the time being in force, had been issued for the acquisition of that land and building or, as the case may be, a portion only of such building on the date on which the application was made under sub-section (2). I of 1894.