Getting the ownership of Chandigarh Housing Board (CHB) property transferred has now become expensive in the city.
Within
days of allowing the transfer of flats on the basis of the general
power of attorney (GPA), and delinking building violations in cases of
transfer of ownership, the CHB has increased the processing fee after 10
years.
Of the total 60,000 flats of the CHB, around 50 per cent of the
properties are still on the GPA. Prior to the fresh set of relaxations
made by the CHB since January 2015, the transfer of properties on the
basis of the GPA was stuck as the transfer had been linked with building
violations and misuse of the respective property. As a result, a
majority of the GPA holders did not apply after 2012.CHB chairman Maninder Singh said the increased fee would not be
applicable to those who had applied earlier along with the transfer fee,
except in cases where the application for the transfer had been
rejected. The only condition was that the transferor/transferee should
not have made any change in the facts mentioned in the transfer
application form and the supporting documents.
The president of the Property Consultants Association, Raj Kumar Pal, said the board authorities should ensure that there was no delay in the disposal of cases. Rajat Malhotra, general secretary of the CHB Residents Welfare Federation, said the fee should be kept realistic. The increase in the fee has been kept the minimum in case of the economically weaker section (EWS) and low income group ( LIG) flats compared to the middle income group (MIG) and high income group (HIG) flats. Officials in the CHB said the hike in the fee was nothing compared to the property rates. In the case of transfer of dwelling units on the basis of the GPA, executed before October 2011, the fee for the MIG category-III and HIG category-I and II has been increased from the existing Rs 500 to Rs 3,000 and Rs 1,000 to Rs 4,000, respectively. On the contrary, the fee for the transfer of EWS flats has been increased from the existing Rs 100 to Rs 200 and for the LIG flats, the fee has been increased from Rs 250 to Rs 1,000. Similarly, the fee for the transfer of a dwelling unit on the basis of a registered or unregistered will (where the deed of conveyance has not been executed) has been increased in the MIG and HIG categories. The fee for the execution of the conveyance deed has also been increased. The processing fee for the transfer of commercial property has also been hiked. Not only has the transfer fee related to the issuance of different ownership documents been increased, but the cost of the application form has also been increased from Rs 20 to Rs 200. Substantial hike in transfer fee on the cards After the increase in the processing fee, the CHB is contemplating increasing the transfer fee. Against the formula for calculating the fee on the basis of the allotment price of the respective flat, the board will calculate the transfer fee based on the market price of the respective property.
Part of the Dream Weave Walk Network 1998-2015
Within
days of allowing the transfer of flats on the basis of the general
power of attorney (GPA), and delinking building violations in cases of
transfer of ownership, the CHB has increased the processing fee after 10
years.
Of the total 60,000 flats of the CHB, around 50 per cent of the
properties are still on the GPA. Prior to the fresh set of relaxations
made by the CHB since January 2015, the transfer of properties on the
basis of the GPA was stuck as the transfer had been linked with building
violations and misuse of the respective property. As a result, a
majority of the GPA holders did not apply after 2012.CHB chairman Maninder Singh said the increased fee would not be
applicable to those who had applied earlier along with the transfer fee,
except in cases where the application for the transfer had been
rejected. The only condition was that the transferor/transferee should
not have made any change in the facts mentioned in the transfer
application form and the supporting documents.The president of the Property Consultants Association, Raj Kumar Pal, said the board authorities should ensure that there was no delay in the disposal of cases. Rajat Malhotra, general secretary of the CHB Residents Welfare Federation, said the fee should be kept realistic. The increase in the fee has been kept the minimum in case of the economically weaker section (EWS) and low income group ( LIG) flats compared to the middle income group (MIG) and high income group (HIG) flats. Officials in the CHB said the hike in the fee was nothing compared to the property rates. In the case of transfer of dwelling units on the basis of the GPA, executed before October 2011, the fee for the MIG category-III and HIG category-I and II has been increased from the existing Rs 500 to Rs 3,000 and Rs 1,000 to Rs 4,000, respectively. On the contrary, the fee for the transfer of EWS flats has been increased from the existing Rs 100 to Rs 200 and for the LIG flats, the fee has been increased from Rs 250 to Rs 1,000. Similarly, the fee for the transfer of a dwelling unit on the basis of a registered or unregistered will (where the deed of conveyance has not been executed) has been increased in the MIG and HIG categories. The fee for the execution of the conveyance deed has also been increased. The processing fee for the transfer of commercial property has also been hiked. Not only has the transfer fee related to the issuance of different ownership documents been increased, but the cost of the application form has also been increased from Rs 20 to Rs 200. Substantial hike in transfer fee on the cards After the increase in the processing fee, the CHB is contemplating increasing the transfer fee. Against the formula for calculating the fee on the basis of the allotment price of the respective flat, the board will calculate the transfer fee based on the market price of the respective property.