Which of the following statement(s) is/are correct with regard to 'sale of immovable property', as per…

Which of the following statement(s) is/are correct with regard to 'sale of immovable property', as per the provisions of the Transfer of Property Act, 1882?
I. Delivery of tangible immovable property takes place when the seller places the buyer, or such person as (s)he directs, in possession of the property.
II. In the case of a tangible immovable property of a value of less than one hundred rupees, sale or transfer can be made by delivery of the property.
III. In the case of a tangible immovable property of the value of five hundred rupees, sale or transfer can be made without a registered instrument.
IV. A contract for the sale of immovable property is a contract that a sale of such property shall take place on terms settled between the parties, and does not, by itself, create any interest in or charge on such property.