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HUDA Drawn Up a Draft Poilicy Suggestion Rules for Transfer of Residential Plots and House By smith, Section Gurgaon Real Estate
New Policy On Transfer: HUDA Drawn up a Draft Poilicy Suggestion Rules for Transfer of Residential Plots and House in the Urban Estates Developed and maintained By It
The basic conditions needed for granting permission for transfers are, there ought be no arrears of instalments, extension fee, enhancement
About the actual transfer, the proposed method, as opposed to the earlier dual procedure, involves a single stage of operation. The appropriate documents and application submitted
Now, such a transfer can take place only on the basis of the execution of conveyance deed/ sale deed provided the latter has been executed. with the sub-registrar of the area in which the plot If the transfer is to be effected through a court decree, only administrative charges will be levied. In case of collusive decrees, the same will not be challenged provided the judgement does not violate the HUDApolicy guidelines. Click On "Full Story" For More...
The change of ownership can also come about through a will. If it's registered in favour of legal heirs of the deceased,the ownership ofplot/house shall be transferred after the submission of a certified copy of the registered will. This applies to both Hindus and Muslims. In
case of an unregistered will drawn up in favour of a person who is not the legal heir under the Hindu Succession Act,1956, then the concerned person must obtain a probate certificate from the a court of competent jurisdiction under the Indian Succession Act 1925 and,upon its production, the property can be handed over to him. Where the case arises due to the allottee's death and there is no will, the transfer will be allowed on the production of a succession certificate issued by a competent court.
If the transfer is via general power of attorney, (a) the GPA holder will have to produce an affidavit from the transferer that he has not executed the GPA in favour of another person and not withdrawn it after issuing it to the applicant;(b)the transferer has to submit the signatures of the GPA holder duly attested
For transfer by gift, the deed within the family can be permitted by levying administrative charges in case full payment has not been received; or schedule. of payment is not over; or the house has not been built or partial or full occupation certificate has not been issued. The Source: Yogesh and www.realtyplusmag.com 12/July/2008
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