Allottees may sell their plots along Yamuna expressway | india | Hindustan Times
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Allottees may sell their plots along Yamuna expressway

india Updated: Oct 12, 2011 01:49 IST
Kapil Datta
Kapil Datta
Hindustan Times
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Good news for those willing to sell their plots in Bhatta-Parsaul and other agitation-hit areas along the Yamuna Expressway.

The Stamp and Registration Department on Tuesday asked the expressway authority to allow sale and purchase of all 21,000 plots which were allotted in 2009 through a draw of lots.

As per the scheme launched in March 2009 by the Yamuna Expressway Industrial Development Authority (YEIDA), the allottees will get possession of their land in 2013.

But due to ongoing agitations against the state government's land acquisition policy, most of the allottees are eager to sell their plots as early as possible.

"The allottees are yet to get possession of the plot, while buyers are hesitating to purchase them. If sale and purchase are allowed, authority will get the ownership transfer charges and the department will get stamp duty revenue." said Vijay Deo Sharma, deputy inspector general, (Stamps).

The plots with sizes ranging from 300 sqm to 4,000 sqm, which are located in sectors 18 and 20, were allotted in October 2009. Around 6,000 allottes have already sold their plots since last year, when the state government allowed the transfer of these plots through agreement of lease.

"Those who have sold their plots through power of attorney will have to wait till the authority gives possession in 2013. But, under the proposed policy, they will get benefited," the stamp department official said.

As per norms, any property on first purchase from authority has to be registered within 6 months.