Validity of sale, exchange and transfer of the Land.

(1) Notwithstanding anything contained in any other law for the time being in force, the land pucliased or the possession of which is taken over under an agreement of exchange or agreement to sale, by the Government Instrumentality, the said puchase, agreement to sale or agreement of exchange, as may be notified once by the State Government in the Official Gazette, shall not be considered invalid merely by a reason of not being properly stamped or registered by the Government Instrumentality. (2) The possession of the said land shall be deemed to be validly transferred to the lease holders by the Government Instrumentality and all such transfer to Government Instrumentality and further transfer to the lease holders, as may be notified once by the State Government in the Official Gazette, shall be deemed to be legal and valid and mutated under the provisions of the Chhattisgarh Land Revenue Code, 1959 (No. 20 of 1959). (3) Subject to the provisions of this Act, any change made subsequent to the said purchase, agreement to sale or agreement of exchange, by the original owners in respect of ownership in land records under the Chhattisgarh Land Revenue Code, 1959 (No. 20 of 1959), which have been agreed to be transferred or exchanged to the Government Instrumentality, shall be considered invalid.