Property in Chandigarh
The Chandigarh Housing Association Board (CHB) has finally decided to change over time. Move in great favor of the people, they decided to fight against real estate transactions in the city for free, by purchase and sale of mutual accommodation by grantees. So far, the transfer of housing CHB Chandigarh was spread on the general power, a system with flaws and legal complications. But all this is now a thing of the past, the Board of Directors of CHB’s decision Feb. 20, at her flat transfer policy people and more transparent. The new move will benefit a significant number of about 50,000 owners / allottees of CHB houses in the city, and change the way property transactions in the region. More importantly, there is relief, those whose properties offer has been blocked for years because of legal wrangling. The BHC, since its inception in 1971, is a witness to countless problems of policy transfer GPA was made. Because of strict laws on the sale and purchase of residential property in Chandigarh, the majority of the allottees had a turnover through the use of general power. First, the BHC is not recognized GPA, real estate transaction under this system leads to complications, including legal battles between the original allottees and buyers on one side and the original allottees of CHB another. This often by allottees or their legal heirs, which led to easy money from interested buyers for residential properties are a sample of extortion. This was in addition to the premium buyer juicy allottees / sellers paid. The practice naturally allowed property dealers to mushroom and hay as they negotiated agreements between the parties and strongly under the cover of endless formalities besides the burden of their commission. The GPA transfer system was corruption in the ranks of the CHB, grown mainly in the branch business audience. Given this complication is the CHB, in 2001, come with a policy of selling allottees WFP through the establishment of charges for the transfer of ownership also home also set conditions that the clearance of dues, the maintaining the original structure of the control unit, the respect of the interpretation of laws, etc. The regulation of AMP, but contributed little to homebuyers continue to harassment. The new transfer policy mutual bring buyers and sellers face for the first time the face and eliminate the role of intermediaries such as real estate dealers. The move will also end the link between property dealers and officials by the buyers and sellers of real property to legitimize its own way. It is also expected to bring revenue to Chandigarh Administration as transactions entail the payment of stamp duty and other prescribed fees. Previously, stamp duty, crores of dollars, which removes the name of the purchase and sale of large apartments CHB by GPA. The new policy is to protect the financial interests of the Chandigarh Administration Besides the fact that people in the environment. Meanwhile, the board had already said GPAS have been taken until the time of the new policy came into force acceptable. He added, however, that people would eventually set the conditions in the property transfer their own policies. In addition, in order to curb speculation, the CHB has categorically said that GPA holders will no longer be considered valid for an apartment in one of its residential project schemes. Residential property, say board officials, must go to protect the less people. The Council also transfer of residential property in Chandigarh can boast a bond. Two previous guarantees were needed.