Short term vs long term capital gains

it will be Long-term capital asset. 

As registration is  not  considered.

under the head capital gain the period of holding is consider from the date of possession and not from the date of registry.

further this is coverd by the defination of transfer. this this assest is long term assest and if you wants to seel the same and if it is residential house propety than, for getting the exemption for this long term capital gain, invest or construct the house prperty or invest in the bond with in 6 month .

In case of investment in bond , maximum subject to 50 lacs