NOIDA REGISTRATIONS ‘Authority victimising people’
Affected parties say SC judgment ‘misinterpreted’
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.