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Haryana allows vertical division of plots in municipal areas

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The Haryana government has decided to allow floor-wise registration of houses falling under municipal limits, HUDA sectors and Town and Country Planning licenced areas. Besides making people in Gurgaon, Faridabad and Panchkula the legal owners of their part of the house, the move will also help the state earn a revenue of around Rs 200 crore annually as stamp duty.

The Haryana government has decided to allow floor-wise registration of houses falling under municipal limits, HUDA sectors and Town and Country Planning licenced areas. Besides making people in Gurgaon, Faridabad and Panchkula the legal owners of their part of the house, the move will also help the state earn a revenue of around Rs 200 crore annually as stamp duty.
    State finance minister Birender Singh on Wednesday said the decision was taken in a meeting held recently under the chairmanship of CM Bhupinder Singh Hooda.
    He said it would be applicable only to the residential units in authorized areas and vertical divisions of plots and increase in floor area ratio (FAR) would not be allowed.
    In existing sectors/areas the size of plots on which construction/floors are proposed to be registered independently would not be less than 180 square yards, he added.
    Singh said that in addition to the normal stamp duty, 1% extra stamp duty would have to be paid by the party desirous of registering the floorwise dwelling units through a separate challan. This 1% stamp duty would be paid by the treasury to the municipal committee/HUDA depending on where the property in question is located, for defraying the costs of additional external development that the municipal body/HUDA would have to incur due to the pressures on civic amenities that would rise. The minister said registration of floors could also be done in case of plots which are yet to be constructed and there would be no restriction on the size of plots that could have multiple owners floor-wise.
    For new sectors, HUDA could devise rules and licence fees keeping in view this decision.
    Meanwhile, in a new notification, the Haryana government has said any person, company or society dealing in properties in the state will now have to get a licence from local administration. The government has notified Haryana Regulation of Property Dealers and Consultants Rules, 2009 and according to the rules, the property dealer or consultant shall get only 1% commission on the agreed consideration value paid by the seller and purchaser of the property.

 

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Tessie on 03/01/2012 14:30:50
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Heck yeah this is exalcty what I needed.
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Rangle on 03/01/2012 21:33:39
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Super inrfmoative writing; keep it up.
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Misty on 05/01/2012 03:55:44
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There's nothing like the releif of finding what you're looking for.
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Kindsey on 05/01/2012 03:58:41
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Great common sense here. Wish I'd thoguht of that.
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