Saturday 2 April 2016

News For Noida Homebuyers: 4 month relief on stamp duty hike

Homebuyers whose papers are cleared by the Noida Authority before April 1 will get a four-month augmentation to get their properties enlisted without paying the 2 rate point trek in stamp obligation.



Reporting this on Tuesday, S K Singh, partner examiner general of the UP stamps and enrollment office, said the stride has been taken to take some heap off the staff who are working till late in the night. "The four-month respite will be offered just to homebuyers who execute a registry deed with the Authority by April 1," said Singh, including that the move is intended to oblige the most extreme number of homebuyers in the registry process.

The respite won't be relevant to homebuyers whose papers are not cleared by the Authority by April 1.

For a homebuyer in Noida, getting a property enlisted is a three-stage process which incorporates getting the ownership papers from the manufacturer agent, then submitting it to the Authority authorities who confirm the papers and choose the stamp obligation charge in the wake of executing a registry deed and afterward at long last getting it enrolled with the stamps and enrollment office authorities in the wake of paying the expense. The whole process happens in the registry office in Sector 33.

The race to enlist the properties is the consequence of the state government's choice to trek stamp obligation by 2% (from 5% to 7%) for Gautam Budh Nagar. Monday saw 400 registries done at the Sector 33 office, while the normal holding up period was around five to six hours, prompting serpentine lines. Still, numerous individuals couldn't enlist their properties and needed to return on Tuesday.

While everyone is racing to spare the 2% stamp obligation, numerous purchasers are grumbling of inadequate ownership papers with mistakes in guide, points of interest of units, and so on from manufacturers prompting further defer. "My unit in Sector 120 has three rooms and three toilets, yet the papers arranged by the developer demonstrates an extra latrine making the quantity of toilets to four. Getting the blunder redressed has prompted further defer as developers are making typographical and specialized mistakes because of the present over-burden," a Sector 121 inhabitant said.

Another homebuyer grumbled of wrong guide/drawing of his unit with various areas of the rooms and passage access to his unit. "It took me two days to get the guide of my unit adjusted as the developer had not tried to check his stock," the occupant said.

1 comment:

  1. Thanks for providing useful information.keep it up.

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