Noida plans old registry rates for completed flats
The district administration has proposed a 'zero period' from the date of completion of a flat to the date of registry, which could substantially reduce the quantum of additional charges
Mar 04, 2015
Source : The Times of India

 

NOIDA: Homebuyers in Noida may not have to pay registration charges according to current circle rates for flats completed earlier if the state government approves a plan to ease this financial burden.

The district administration has proposed a 'zero period' from the date of completion of a flat to the date of registry, which could substantially reduce the quantum of additional charges that homebuyers now need to cough up. If accepted, the proposal - made following a TOI report on February 27 on the hike in registration rates due to an increase in circle rates - will benefit around those homebuyers whose flats were completed but couldn't be registered because of the legal process to demarcate an eco-sensitive zone around the Okhla Bird Sanctuary.

The National Green Tribunal had declared a 10km green zone around the bird sanctuary in 2013 in the absence of an official demarcation, which automatically stopped registration of flats within that area. A new eco-sensitive zone was drafted by the Centre last year. Once the final notification is out, the registrations can begin.

Explaining the benefits of a 'zero period', an official said if a flat was completed in 2013, but is registered, for example, in July this year, then the cost of registration will be according to the circle rate in force at the time of the flat's completion in 2013. It'll be likewise for a flat completed in 2014. An official said nearly 30,000 flats have been ready for some time and can now be registered.

"We understand the agony of homebuyers. So, we have decided to take up the issue with the state government for consideration," said SK Singh, assistant inspector general (AIG) of the UP stamps and registration department. "We are formulating a proposal in this regard and will soon meet district magistrate NP Singh to discuss the issue with him," he said. When contacted, Singh said, "We understand the pain of homebuyers near the Okhla Bird Sanctuary. We are looking into the matter and exploring all options to give them some relief."

The UP stamps and registration department had earlier said old registry rates would not be applicable for properties ready in 2013 but not registered due to the ban on completion certificates till the eco-sensitive zone around the bird sanctuary, in whose ambit these projects came, was redrawn.

Even those properties that were ready for registry in 2013 will have to be registered in accordance with the fresh circle rates, the department had said. Homebuyers had flayed the move.

An environmentalist, Amit Kumar, had on July 8, 2013, filed a petition in NGT, demanding that construction work around the bird sanctuary be stopped. The NGT had initially halted construction work in the area but later allowed it conditionally. Uttar Pradesh has since sent its recommendation to the Centre and a draft eco-sensitive zone has been drawn up.

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