Punjab gives opportunity to register conveyance deed on allotment rates

The Punjab government on Sunday announced an opportunity to all those allottees of immoveable properties (plots/houses) by the government or a public sector undertaking or local bodies to get their first conveyance deed registered at rates mentioned in their allotment letters.

The Punjab government on Sunday announced an opportunity to all those allottees of immoveable properties (plots/houses) by the government or a public sector undertaking or local bodies to get their first conveyance deed registered at rates mentioned in their allotment letters.

Earlier the allottees were required to get conveyance deed executed on the collector rate that was linked to the present market rate of property.

Disclosing this, Punjab revenue minister Bikram Singh Majithia said after considering the demand of allotees, the decision was taken by chief minister Parkash Sigh Badal and the notification in this regard has been issued by the department.

He said the benefit was being extended at the time of execution of first conveyance deed of such property to all those allottees who have taken the possession of their properties after depositing their instalments. He clarified that the concession has been extended for only two months between April 8 and June 7. He urged all such allotees to get the conveyance deed of their properties registered.