noida may do away with transfer charges

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Business Business Opportunities Noida may do away with Transfer charges Jul 24, 2015 • By Umang Estates • Public Arrest Records 1) Enter a Name & Search for Free. 2) View Background Check Instantly. It's too soon to say, however in the event that the state Government consents to the Noida Administration proposition, exchange charges could soon be a relic of times gone by. At a late central secretary level meeting, it was collectively chosen that exchange charges ought to be done away with and the proposition was sent to the administration for its support. This vital choice takes after the late news that UP stamp and registry office will table a proposition to either slice the extra part accused of circle rates for additional offices in gathering lodging social orders or scrap it out and out. Description: REALTOR TODAY BUREAU It's too early to say, but if the state Government agrees to the Noida Administration proposal, transfer charges could soon be a thing of the past. At a recent principal secretary level meeting, it was unanimously decided that transfer charges converted by Web2PDFConvert.com

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Page 1: Noida may do away with transfer charges

Business • Business Opportunities

Noida may doaway with

Transfer chargesJul 24, 2015 • By Umang Estates •

Public Arrest Records1) Enter a Name & Search for Free. 2)View Background Check Instantly.

It's too soon to say, however in the event that thestate Government consents to the NoidaAdministration proposition, exchange chargescould soon be a relic of times gone by. At a latecentral secretary level meeting, it was collectivelychosen that exchange charges ought to be doneaway with and the proposition was sent to theadministration for its support. This vital choicetakes after the late news that UP stamp andregistry office will table a proposition to eitherslice the extra part accused of circle rates foradditional offices in gathering lodging socialorders or scrap it out and out.

Description:

REALTOR TODAY BUREAU

It's too early to say, but if the state Governmentagrees to the Noida Administration proposal,transfer charges could soon be a thing of thepast. At a recent principal secretary level meeting,it was unanimously decided that transfer charges

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should be done away with and the proposal wassent to the government for its approval. Thisimportant decision follows the recent news thatUP stamp and registry department will table aproposal to either slash the additional componentcharged with circle rates for extra facilities ingroup housing societies or scrap it altogether. Ifthe proposal is approved by district magistrate,the new rates could be implemented by august

The administration is keen put a stoptransfer charges because right from theproject launch to registration the flathas already been sold several times.The builder charges anything from Rs.200 psft to Rs. 500 psft as transfermoney before entering the new name inhis books. "This is an illegal practice asthe money is not accounted for," said aNoida official on conditions ofanonymity. "One of the Major hurdlesfaced by the apartment owners is thatwhenever they want to sell a flat ownedby them, they are being asked by thebuilders to pay a transfer fee. Usuallythe amount is big and the owner has topart with a large sum of money due tothe unfair demand on the part of thebuilder."

The administration, on the other hand, doesn'ttransfer the flat in the new buyer's name unlessthey get NOC from the builder. The latter chargesanother couple of lakhs or more from the newbuyer before over the NOC. Not only that, afterregistration of the flat, the administration chargestransfer, the administration charges transfermoney every time the flat is sold. The RWAs areno less as they also charge not once, but twicefrom both the buyer and the seller before makingyou the member of the society.

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About the Author

Umang Estates

This article has publishedin "Realtor Today" newspaper between the dates of12th July-25 July 2015

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