Unregistered contract for sale not specifically enforceable

⁷[Notwithstanding anything to the contrary contained in this Act or any other law for the time being in force, no contract for sale of any immovable property can be specifically enforced unless–

(a) the contract is in writing and registered under the Registration Act, 1908, whether or not the transferee has taken possession of the property or any part thereof; and

(b) the balance amount of consideration of the contract is deposited in the court at the time of filing the suit for specific performance of the contract.]

⁷ Section 21A. was inserted by section 2 of the Specific Relief (Amendment) Act, 2004 (Act No. XXVII of 2004)(with effect from 1st July, 2005).