Monday, August 20, 2018
Follow us on
Chandigarh

SOCIETY FLATS Stamp duty may pinch GPA holders UT Administration mulls charging fee from them for all previous transfers

August 08, 2018 05:51 AM

SOCIETY FLATS
Stamp duty may pinch GPA holders
UT Administration mulls charging fee from them for all previous transfers
Ramkrishan Upadhyay

Tribune News Service

Chandigarh, August 7

All GPA holders of society flats may have to pay the stamp duty of all previous transfers before getting the conveyance deed made by the Sub-Registrar Office.
Sources said the Administration was considering making the condition mandatory in the proposed policy for the transfer of flats of societies.
The Administration has begun work to simplify the process for the transfer of the flats. It had announced the transfer policy in 2016, but residents were demanding changes in certain provisions to make the policy more simple.
Of the 10,000 flats of group housing societies situated in southern sectors, a majority have been sold many times over on the GPA without paying the stamp duty. The sources said the flats were allotted to the beneficiaries on the condition that they could not sell these for 15 years, but despite the lock-in period, these were sold.
It has been proposed to charge the stamp duty from the current owners for all previous transfers. The office of the Registrar, Cooperative Housing Societies, will not issue the NOC for the transfer till the entire stamp duty is paid.
An officer of the Administration said to provide relief, it had been proposed to charge the stamp duty on the old collector rates, which were fixed at the time of the previous transfers. The sources said the Administration might ask the GPA owners, who were issued the NOC recently without paying the previous stamp duty, to deposit the amount.
The purpose of the exercise is to bring transparency in the transfer of flats. Thousands of residents are living in cooperative group housing societies in southern sectors (Sector 48 to 51) constructed on land allotted by the Chandigarh Housing Board. The flats have been sold many times over under the transfer policies notified by the Administration from time to time. Before 2014, residents were paying a fixed fee for the transfer

Have something to say? Post your comment