Delhi govt reiterates stand on GPA deals | delhi | Hindustan Times
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Delhi govt reiterates stand on GPA deals

delhi Updated: May 09, 2012 00:46 IST
HT Correspondent

Seeking to clear confusion among property owners who had sold their properties through a general power of attorney (GPA), the Delhi government has reiterated that such dealings can be regularised by executing a new sale deed.

The property owner will have to pay the stamp duty, as applicable, to regularise the deal.

According to sources, a meeting was held on Tuesday. It was chaired by the divisional commissioner and attended by all the sub-divisional magistrates (SDM). The divisional commissioner directed the SDMs to ensure strict compliance of the Supreme Court guidelines. The apex court, in a judgment on property transactions on October 11, had said that no sale deeds will be registered if it is done through GPA.

"Post-October we have been ensuring that properties are not registered through GPA. But, in a few cases where they have already been registered, people will be able to regularise them for further sale if they want to," said a senior Delhi government official. In order to sell properties held under GPA, one will have to first convert it into freehold to ensure that the property is registered in the owner's name.

The Delhi government had issued an advisory on April 27, asking for strict compliance with SC order.