Tuesday, September 1, 2009

Floowise registration allowed in Panchkula

he Haryana Development and Regulation of Urban Areas (Amendment) Ordinance 2009 and The Haryana Urban Development Authority (Amendment) Ordinance 2009 - the registration of independent residential floors as dwelling units for the purpose of transfer , sale, gift, exchange or lease would be allowed in Panchkula.

The purchaser desiring registration has to pay a duty as notified by the government from time to time, in addition to the prevailing stamp duty. Vertical divisions of plots and increase in floor area ratio (FAR) would not be allowed. In addition to the normal stamp duty, 1% extra stamp duty would have to be paid by the party desirous of registering the floor-wise dwelling units through a separate challan.

This 1% stamp duty will be paid by the treasury to the municipal committee/ HUDA depending on where the property in question is located.

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