Transfer of immovable property

Transfer of immovable property —

1. (1) No sale, gift, mortgage or exchange of any immovable property vested in or in the possession of a Panchayat or any lease of such property for a period exceeding three years shall be valid unless made with the prior sanction of the State Government or an officer authorised by it in this behalf.
2. (2) The procedure for transfer of immovable property shall be such as may be prescribed.