Noida to crack whip on homebuyers living in unregistered flats
The Uttar Pradesh stamp and registration department in Noida will conduct a survey to find out how many homebuyers are living in group housing buildings without registering their flats.noida Updated: Jun 17, 2016 22:47 IST
The Uttar Pradesh stamp and registration department in Noida will conduct a survey to find out how many homebuyers are living in group housing buildings without registering their flats.
“I have directed sub-registrars to conduct a survey and submit a report on the number of group housing towers and the exact number of buyers who moved into housing units without execution of registry of flats,” said SK Singh, assistant inspector general (AIG), UP stamp and registration department, Noida.
As per the Noida authority’s estimate, around 50,000 homebuyers have moved into flats without registering them. These homebuyers could not get registration done because their builders had not obtained occupancy certificates (OC). A registry cannot be executed without an OC.
As per norms, during execution of registry of a property — including flats — a buyer has to pay 5% of the total cost of the flat as stamp duty to the government. If buyers shift in to their new flats without registry, the government fails to get the revenue.
The department said it will take legal action against erring buyers and builders who had given possession of flats flouting norms. As per UP Apartment Act, 2010, a builder cannot offer possession of a flat to a buyer without obtaining occupancy certificate for a building.
Homebuyers said they will suffer for no fault of theirs.
“We will suffer even after paying for the flat in full. The builder has failed to obtain OC and get registry execution done, not us,” said Manoj Kumar a buyer.
The Gautam Budh Nagar district administration has directed its stamp and registration department to identify builders who had not obtained OC and executed registries.
“Our survey will find out homebuyers and builders, who have not executed their registry. We will take action on a case to case basis,” said NP Singh, district magistrate Gautam Budh Nagar district.