How’s the year go­ing for you?

Drag­ons should keep their per­sonal and pro­fes­sional lives sep­a­rate and snakes should make good money in the Chi­nese year of the wooden horse

HT Estates - - HTESTATES -

“Now if the flats are il­le­gal, so are the rev­enues of the govern­ment. Can the govern­ment re­turn the money with in­ter­est that it has charged from us in form of stamp duty and property tax?” asks Srini­vas.

In In­dia, it’s com­pul­sory to get sale of land/apart­ment reg­is­tered with the rev­enue de­part­ments of states. How­ever, the In­dian Reg­is­tra­tion Act of 1908 doesn’t re­quire the reg­is­tra­tion author­ity to ver­ify his­tory of the land/apart­ment or own­er­ship from the seller. One should also know that the land/apart­ment reg­is­tra­tion is not reg­is­tra­tion of ti­tle, but a deed of trans­ac­tion. All these le­gal pro­vi­sions make the home­buy­ers vul­ner­a­ble to a property fraud.

“Reg­is­tra­tion of prop­er­ties is a fis­cal in­stru­ment which helps the state earn rev­enues. How­ever, it doesn’t pro­vide any le­gal sup­port of cer­tainty to ti­tle. If the Reg­is­tra­tion Act of 1908 is amended and a manda­tory pro­vi­sion is added for the reg­is­tra­tion author­ity to ver­ify his­tory of the land/apart­ment, the reg­is­tra­tion of il­le­gal property will stop,” says a rev­enue of­fi­cial, re­quest­ing anonymity.

Le­gal and ur­ban ex­perts say that in In­dia land own­er­ship is “pre­sumed,” which is ques­tion­able and can be chal­lenged on mul­ti­ple fronts: own­er­ship, ex­tent of bound­aries, fi­nan­cial en­cum­brances, etc.

“In Delhi, the rev­enue depart­ment has is­sued sev­eral ad­min­is­tra­tive or­ders to the sub-regis­trars, di­rect­ing them not to reg­is­ter prop­er­ties in unau­tho­rised colonies. Sub-regis­trars com­ply with the or­ders as not do­ing so in­vites ac­tion against them. How­ever, the Reg­is­tra­tion Act, which is a Cen­tral act, al­lows a sub-reg­is­trar to reg­is­ter any property with­out ver­i­fy­ing its his­tory. Those who have been pe­nalised for do­ing so have had their sus­pen­sions re­voked from the court as the ex­ist­ing law favours them,” says a for­mer in­spec­tor gen­eral (rev­enue) from the Delhi govern­ment on con­di­tions of anonymity.

Apart from amend­ments in the Reg­is­tra­tion Act, there’s need for a sys­tem that pro­vides for in­di­vid­ual rights and the abil­ity to trans­fer these rights. In such a sce­nario, what is needed is a guar­an­teed ti­tle cer­ti­fi­ca­tion sys­tem that pro­tects rights to land and property.

As per the Chi­nese lu­nar cal­en­dar, the year of the wooden horse (Jan­uary 31, 2014, to Jan­uary 25, 2015) brings changes in the for­tunes of all zo­diac signs. In this col­umn, we check out how the year will pan out for those born un­der the sign of the snake and dragon. Check out what’s in store for you.

Dragon

The dragon and horse are both spir­ited, dy­namic and fun lov­ing crea­tures who like to‘ live on the edge.’

Ac­cord­ing to the Chi­nese lu­nar cal­en­dar, your zo­diac sign is dragon if you are born af­ter Fe­bru­ary 4 in the fol­low­ing years: 1904, 1916, 1928, 1940, 1952, 1964, 1976, 1988, and 2000. (If you were born on the fourth or be­fore your sign is rab­bit and not a dragon).

Ac­cord­ing to the five con­struc­tive cy­cles of the el­e­ments, wood fu­els fire. Hence, the en­ergy of the green horse dili­gently sup­ports the dragon’s en­deav­ours, as he goes full throt­tle un­leash­ing his bold and fiery per­son­al­ity. Watch out for tem­per flares and hot head­ed­ness.

Ca­reer: You are cre­ative and in­ge­nious at work, win­ning good­will from all quar­ters. Dragon is quick-paced and needs to be more pa­tient with his col­leagues. Choose your words with cau­tion, for mis­di­rected anger will lead to fights and ner­vous break­downs. Keep your per­sonal and pro­fes­sional life sep­a­rate at all times.

Money: Your money graph stays sta­ble and there are some lu­cra­tive op­por­tu­ni­ties on the hori­zon. How­ever, don’t risk your hard-earned sav­ings as sud­den losses are on the cards.

Health tip: Stay­ing calm and com­posed is the golden key to hap­pi­ness this year. De­stress as of­ten as you can!

Snake

The snake is poised, de­lib­er­a­tive and con­tem­pla­tive whereas the horse is rest­less, im­pa­tient and al­ways search­ing for greener pas­tures. Snake seeks sta­bil­ity, the horse change and yet, they get along just fine (both be­long to the fire el­e­ment).

The key is to stay cen­tered within so that you can not only ad­just to the fast pace of things, but charge ahead boldly this year.

Ac­cord­ing to the Chi­nese lu­nar cal­en­dar, your zo­diac sign is snake if you are born af­ter Fe­bru­ary 4 in the fol­low­ing years — 1905, 1917, 1929, 1941, 1953, 1965, 1977, 1989, 2001. If you were born on the fourth or be­fore, you are a dragon and not a snake.

Ca­reer: A chal­leng­ing but ex­cit­ing year lies ahead of you. All your hard work of the pre­vi­ous years will bear fruit. The year of the green horse is com­pet­i­tive, so be­ware of ma­li­cious gos­sip.

Money: Lady luck favours you as money flows in eas­ily. This is the time to ask for raises, ne­go­ti­ate a bet­ter deal and take that risk. The urge to splurge this year is strong, so save while you can.

Health tip: Don’t take your bound­less en­ergy lev­els for granted. Overindul­gence of any kind (emo­tional, ir­reg­u­lar eat­ing habits etc) can lead to un­ex­pected prob­lems in life so aim to lead a bal­anced life­style to avail the most of 2014 and be happy.

THINKSTOCK

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