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    Ghaziabad development body set to change 2003 order on house registry

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    principal secretary

    A meeting in this regard is scheduled for January 24. It will be convened by the principal secretary (housing), who will take final call on the matter.

    Officials said since the 2003 order does not allow new registry of properties whose ownership has changed through power of attorney, the GDA was losing revenue in terms of stamp duty. “Ownership gets transferred through power of attorney. Since the order does not accept this, it results in loss of stamp duty. To do away with this anomaly, the government may now decide to allow such registries,” a GDA official said.

    “The first round of meeting with officials concerned had already taken place with GDA vice-chairperson Kanchan Verma. A final call will be taken on this matter on January 24,” the official added.According to rough estimates, there are close to 13,000 properties whose ownership rights have changed several times through power of attorney. Not being able to charge stamp duty every time the ownership changes has caused massive loss to the GDA.

    The GDA got an inkling of the enormity of the problem when it carried out a survey of flats in Tulsi Niketan. The agency had constructed the colony around three decades ago and now wants to build new flats as the houses there are in urgent need of repair. “In Tulsi Niketan, there are close to 1,500 flat owners who have wrested ownership rights through power of attorney. We plan to demolish existing ones and construct new flats that would eventually be handed over to owners. But according to rule, we recognise only those owners whose names appear in the initial registries and not through power of attorney,” the official said.

    “Since ownership has changed many hands through power of attorney, it has become difficult for us to legally trace the actual owner in whose name the registry had been done. The decision has been taken to weed out such problems,” he added.

    Info- https://realty.economictimes

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