Description
Any Property that cannot be moved from one place to another, is immovable property. It has rights of ownership attached to it. In the sense used, commonly refers to real estate (such as your house, factory, manufacturing plant, etc.) while movable property refers to movable assets (such as your computer, jewelry, vehicles, etc.) The Movable Properties are those movable properties of every description of the property. The property which can be transferred from one place to another is movable property. Also, all objects placed by the human agency on or under the surface with the intention of permanent annexation to the earth of the property, e.g. Buildings, walls, fences. Section 2(6) of the Indian Registration Act which provides “ Immovable property “ includes lands, buildings. Under the General Clauses Act, all trees would be immovable, as they are attached to the earth.
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