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Monday, 19 May 2014

Noida authority gives relief to co-op housing flat owners

NOIDA: Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered within the Supreme Court’s deadline of January 26, but had bought the necessary stamp papers. They will now be exempt them from paying the penalty of Rs 100 per day for the period after the purchase of stamp papers.

Noida Authority
Thousands of flat owners in cooperative societies failed to register their premises individually as per the current circle rates as ordered by the Supreme Court in July last year, even after being given six months to comply with it. Even as the stipulated time ended on January 25, the stamp department said that 3,000 flat owners had failed to get their flats registered, says a TOI report.

In its board meeting held on Wednesday, the Authority announced that all those flat owners who failed to get their properties registered by January 25, but had bought the stamp papers between September 10, 2010 and March 9, 2011, between 27 July, 2011 and 25 January, 2012 and between March 10, 2011 and July 26, 2011 — while the matter was in Supreme Court — will not be charged any penalty. The Authority has given them three months to get their flats registered at the prevailing circle rates.

“Many people kept coming to the Authority even after January 25 this year claiming that they had already bought the stamp papers but failed to get their properties registered for various reasons, including the matter being subjudice. The government also took a while to decide on the penalty amount, from when it should be charged, etc. We have decided to give such flat owners the opportunity to register their flats in the next three months. They will also not be charged the due penalty for the period after the purchase of stamp papers,” an Authority official told Times News Network. .

Initially, when Noida came into being, the local administration used to register the sub-lease for flat owners on stamp paper of Rs 100. Stamp duty, however, was levied on land registered in the name of the group housing cooperative society. As structures were built on the allotted land, the then officials had felt that there was no need of levying stamp duty. Later, land registration officials ruled that the allottees will have to pay stamp duty and register the flats in their names and only then they will get the ownership of flats.

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