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CHANDIGARH-New transfer fee rates kick in for Sector-63 CHB flats from Monday

August 18, 2018 05:58 AM


New transfer fee rates kick in for Sector-63 CHB flats from Monday
CHANDIGARH : The Chandigarh Housing Board (CHB) has issued a notification whereby the allottees of Sector 63 housing scheme can transfer their flat from August 20 on the revised slashed fee.

On July 25, the board of governors slashed the transfer fee for Sector 63 housing scheme by more than 50%.

The transfer fee is charged from the allottees selling their flats. Earlier, CHB was charging 15% on the total cost of allotment price, besides ₹1 lakh for converting the property from leasehold to freehold, while the estate office is charging 3% for the

transfer of property.

However, last year it did away with the five-year lock-in period, making all flats freehold, and allowing allottees to sell their flats.

The CHB had launched the scheme in 2008 and constructed 2,108 flats of which 336 are threebedroom, 888 two-bedroom and 564 one-bedroom sets. Besides, there were 320 economically weaker section (EWS) flats.

Ajoy Kumar Sinha, CHB chairman, said, “We have issued the notification and now allottees can get their flats transferred from August 20.”

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