Condonation plans for co-operative housing societies: Noida

By Accommodation Times Bureau

The hopes of individual flats owners in co-operative group housing societies in Noida Authority have been raised in terms of penalty paying for late registration in cases where original owners of flats are no longer traceable after the sale of properties. The Noida Authority three months back issued a notice to flat owners to pay penalties and stamp duties from the date on which flats had been transferred.

According to stamp department officials there are many cases where original owners are no longer traceable to pay the fine. The plan offering absolution for such owners would be presented for the approval of the state govt. in a meeting with UP chief secretary.

As per the plan formulated by the stamp department a certain cut-off date will be decided in these cases from which it is should mandatory for individual to pay the fine at a rebate. The plan sets a certain time limit on these flats owners to register their properties.

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