The term “property” is used in the broadest and most generic sense possible. Property is a legal term that refers to any interest or right that has a monetary value. In India, there is no single act that governs property law. Personal laws applicable in the country, such as The Succession Act, 1925; The Transfer of Property Act, 1881; Registration Act, 1908; Stamp Duty, and Rent Control Acts issued by several States, may be relevant depending on the way of acquiring the property. Property is divided into two types: mobile and immovable. The two must be transferred using various forms and procedures.