Punjab waives registration fee on property sale, transfer between kin

The Punjab government on Monday waived the registration fee on the sale and transfer of property between spouses and blood relations in both urban and rural areas.
Updated on May 26, 2015 08:43 AM IST
Copy Link
Hindustan Times | By, Chandigarh

The Punjab government on Monday waived the registration fee on the sale and transfer of property between spouses and blood relations in both urban and rural areas.

Revenue minister Bikram Singh Majithia said here that the government wanted to encourage people to go in for legal registration of property instead of increasing family disputes. He said that the state government had also reduced the stamp duty on the registration of power of attorney for transfer of possessions to zero virtually, from 2% to 0.5%. "It would be adjustable at the time of executing the sale deed. On all other power of attorneys, a stamp duty of Rs 2,000 will be levied, he added.

The revenue minister said many people had used the golden opportunity to register their immoveable assets such as properties, plots and houses allotted by the government, public-sector undertakings, or local bodies; and done it through conveyance deeds at collector rates mentioned in the allotment letters. Collector rates are linked to the current market price of property. Majithia said the deadline for registering conveyance deeds was June 9.

Majithia talked about the collector rates that the government had decided to rationalise across the state; and about a high-level committee comprising the financial commissioner (revenue) and the principal secretary (finance) that had been constituted for the purpose under the chairmanship of the chief secretary. He said the committee would submit its report to the cabinet for a final decision.

Close Story

Less time to read?

Try Quickreads

  • Rebel Shiv MLAs celebrate after announcement of Eknath Shinde's name as the next chief minister of Maharashtra in Goa. (PTI Photo)

    Maharashtra CM Eknath Shinde rebukes MLAs for dancing atop tables

    Deepak Kesarkar, an MLA who represents Sawantwadi, said that after his return from Mumbai on Thursday night, the newly sworn-in chief minister asked the MLAs to behave in a “more mature fashion”.

  • Soon after the HC’s ruling, the Mumbai Metro Rail Corporation (MMRC) chopped 98% of the 2,185 trees in that site (Satish Bate/HT PHOTO)

    Maharashtra: Metro-3 depot back in Aarey Colony

    In October 2019, the Bombay high court (HC) quashed a clutch of petition by environmentalists that sought to declare a 33-acre plot in the city’s green lung as a legal forest under the Indian Forest Act (1927). This patch was demarcated in 2013 to construct a car shed for the upcoming Metro 3 line.

  • Shiv Sena founder Bal Thackeray. (HT photo by Vijayanand gupta/FILE)

    How Bal Thackeray handled rebellion in ranks

    If there is something that stands out in the rebellion led by Eknath Shinde and his predecessors like Chhagan Bhujbal, Narayan Rane and Raj Thackeray, it is the way in which the Shiv Sena leadership and even the ordinary Shiv Sainik responded to the crisis. If in the past the grassroots workers rallied around Balasaheb Thackeray, Sena leaders today admit to a virtual paralysis that has set in the party following the mass desertions led by Eknath Shinde.

  • The Income Tax notice follows summons by the Enforcement Directorate to him in 2019 ahead of the Maharashtra Assembly elections (Kunal Patil/HT Photo)

    Sharad Pawar gets I-T notice over poll affidavits; terms it ‘love letter’

    Terming the notice as a “love letter”, NCP supremo Sharad Pawar said it showed the qualitative difference with which central agencies act towards leaders of the opposition and those in the government.

  • Karnataka Home Minister Araga Jnanendra. (ANI)

    'Will ensure justice...': K'taka minister on reports of two sisters stripped

    Karnataka home minister Araga Janendra said Friday he had only just received information about an alleged assault on two women in Anekal, a town in Bengaluru district. The sisters were allegedly stripped and assaulted at their home for failing to pay a debt. Multiple media reports have said the police refused to file a complaint for two days and only did so after videos of the assault were widely shared online.

Story Saved
Saved Articles
My Reads
Sign out
New Delhi 0C
Saturday, July 02, 2022