NOIDA REG­IS­TRA­TIONS ‘Author­ity vic­tim­is­ing peo­ple’

Af­fected par­ties say SC judg­ment ‘mis­in­ter­preted’

HT Estates - - Front Page - Jee­van Prakash Sharma

Res­i­dents who have been fight­ing le­gal bat­tles in courts over the regis­tra­tion is­sue (many who have not reg­is­tered their prop­er­ties will have to pay a hefty penalty) feel they are be­ing vic­timised by the Noida Author­ity for op­pos­ing its stand on ex­e­cu­tion of tri­par­tite deeds in courts.

They say that dur­ing the late ’90s, when the Noida Author­ity had asked the flat own­ers to ex­e­cute a tri­par­tite deed which ne­ces­si­tated pay­ment of 5% stamp duty on the cir­cle rates, the RWAs had op­posed it. It was ar­gued then that the mem­bers had come to­gether to form a so­ci­ety, which had ac­quired land by ex­e­cut­ing a lease deed with the Noida Author­ity. Since the so­ci­ety had al­ready paid the req­ui­site stamp duty there was no rea­son why apart­ment own­ers in those so­ci­eties had to pay stamp duty for own­er­ship of the flats.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.