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Govt acting on SC order on property registration: Walia
In a relief to property owners who got their properties registered through the General Power of Attorney (GPA) post October 11, the Delhi Government on Friday announced that property owners can get it regularised by paying the difference in the stamp duty.
Last year on October 12, the Supreme Court had delivered a judgement on property transactions that no sale deeds will be registered if it is done through GPA. The government also clarified that all transactions effected prior to the Supreme Court order through “GPA, agreement to Sell and Will” will not be affected in any way.
The Delhi Government said that it took steps to ensure that properties were not registered through GPA after the Supreme Court’s order, but in a few cases where they have been registered, people will be able to regularise them for further sale.
Revenue Minister AK Walia said, “All officials concerned have been implementing the Supreme Court order. However, an advisory was issued to ensure total compliance of the Supreme Court order.” The Supreme Court had ruled that sale transactions carried in the name of general power of attorney will have no legal sanctity and immovable property can be sold or transferred only through registered deeds.
In order to sell properties held under GPA one will have to first get it converted into freehold for sale, to ensure property gets registered in the owners name. Divisional Commissioner Vijay Dev said following the Supreme Court order last year, property transaction through GPA had come down sharply. From now onwards, GPA will only be allowed in respect of transfer of custody, maintenance and authorized use of the property and not to effect change of title in any case. “GPA holders will not be able to transfer the property unless it is agreed upon by the owner. They will be able to execute sale deed provided the owner agrees to it and amount of transaction is credited in the name of the owner,” added Walia.
In a relief to property owners who got their properties registered through the General Power of Attorney (GPA) post October 11, the Delhi Government on Friday announced that property owners can get it regularised by paying the difference in the stamp duty.
Last year on October 12, the Supreme Court had delivered a judgement on property transactions that no sale deeds will be registered if it is done through GPA. The government also clarified that all transactions effected prior to the Supreme Court order through “GPA, agreement to Sell and Will” will not be affected in any way.
The Delhi Government said that it took steps to ensure that properties were not registered through GPA after the Supreme Court’s order, but in a few cases where they have been registered, people will be able to regularise them for further sale.
Revenue Minister AK Walia said, “All officials concerned have been implementing the Supreme Court order. However, an advisory was issued to ensure total compliance of the Supreme Court order.” The Supreme Court had ruled that sale transactions carried in the name of general power of attorney will have no legal sanctity and immovable property can be sold or transferred only through registered deeds.
In order to sell properties held under GPA one will have to first get it converted into freehold for sale, to ensure property gets registered in the owners name. Divisional Commissioner Vijay Dev said following the Supreme Court order last year, property transaction through GPA had come down sharply. From now onwards, GPA will only be allowed in respect of transfer of custody, maintenance and authorized use of the property and not to effect change of title in any case. “GPA holders will not be able to transfer the property unless it is agreed upon by the owner. They will be able to execute sale deed provided the owner agrees to it and amount of transaction is credited in the name of the owner,” added Walia.
