Haryana Housing Board eases norms for property transfer

CHANDIGARH: The Haryana Housing Board (HHB) has formulated a new transfer policy to ease the norms allowing transfer of houses and commercial property by paying requisite fee and charges.

Stating that the allottees would also get the conveyance deed executed in respect of their flats, HHB chairman Jawahar Yadav on Thursday said it was observed that the existing norms of the housing board were restrictive in nature and hampered its objective to provide affordable housing to the needy persons.

Giving details of the new policy, Yadav said that transfer of tenancy rights would not be restricted in the blood relations and the same can be transferred to any person.

The cases of transfers of dwelling units based on general power of attorney (GPA) transactions, where GPA contains a clause to this effect and attorney is legal, valid and enforceable, have been made permissible, but the attorney holder would have to give an affidavit to the effect that allottee is alive and GPA has not been cancelled, he said.

Giving details of transfer fee of residential houses, he said the allottee having a covered area up to 300 sq ft would have to pay Rs 2,000 as transfer fee.

In case of covered area ranging between 300 sq ft to 700 sq ft, 700 to 1200 sq ft and more than 1200 sq ft, the transfer fee would be Rs 3,500, Rs 5,500 and Rs 10,000, respectively.

These rates would be applicable to all categories of houses, he added.

He said that the processing fee for commercial or institutional or non-residential property would be Rs 10,000. The transfer fee would be charged at the rate of 6 per cent of the sale price of property..

THE EXISTING NORMS OF HOUSING BOARD WERE RESTRICTIVE IN NATURE, SAYS BOARD CHAIRMAN JAWAHAR YADAV