Give GPA holders six months, says BJP
7 May 2012 7:12 AM IST
Delhi BJP has demanded that the government give at least six months time to General Power of Attorney (GPA) holders to get their properties converted from lease hold to free hold so that they may transfer their properties easily. A delegation from the BJP is likely to meet Lieutenant Governor Tejinder Khanna to voice the concerns of GPA holders.
'The concerned authority generally takes six months to convert the property. The government should have notified its intention to ban the sale of property in Delhi through GPA,' said Vijender Gupta, Delhi BJP president. 'This decision is anti-people and we will meet the Lieutenant Governor in this regard to apprise him about the difficulties being faced by the people and request him to review this decision,' added Gupta.
In taking this decision, the Division Commissioner (Revenue) has not taken into consideration the loss of revenue to Delhi government as well as the MCD, Gupta further stated. It is estimated that the government will lose thousands of crores due to the ban of sale by GPA. 'The government has misinterpreted the judgement of the Supreme Court in taking this decision. The government has shown its arbitrariness and lack of sympathy for the people,' accused Gupta.
The Divisional Commissioner (Revenue), Government of NCT Delhi had issued an order on 27 April in which he had instructed/advised the registrars and sub-registrars not to register any sale agreement, GPO (?) or will in retrospective effect.
The decision of the government is being criticised in all quarters and experts have opined that this will certainly increase the property prices. Now, to complete a transfer of property, a seller has to execute a sale deed, which has to be duly registered in the office of the registrar or sub-registrar. The decision will affect the availability of saleable property and will lead to a sharp rise in free-hold prices.
Certain pockets like Rohini, Patparganj, Dwarka and Mayur Vihar will see a decline in transactions, as most of the developments in such locations are group-housing societies which are typically lease-hold. Similarly, property owners in unauthorised colonies, which are now legalised, will face immense hardships. A clear title of a property is rare in such colonies.
'The concerned authority generally takes six months to convert the property. The government should have notified its intention to ban the sale of property in Delhi through GPA,' said Vijender Gupta, Delhi BJP president. 'This decision is anti-people and we will meet the Lieutenant Governor in this regard to apprise him about the difficulties being faced by the people and request him to review this decision,' added Gupta.
In taking this decision, the Division Commissioner (Revenue) has not taken into consideration the loss of revenue to Delhi government as well as the MCD, Gupta further stated. It is estimated that the government will lose thousands of crores due to the ban of sale by GPA. 'The government has misinterpreted the judgement of the Supreme Court in taking this decision. The government has shown its arbitrariness and lack of sympathy for the people,' accused Gupta.
The Divisional Commissioner (Revenue), Government of NCT Delhi had issued an order on 27 April in which he had instructed/advised the registrars and sub-registrars not to register any sale agreement, GPO (?) or will in retrospective effect.
The decision of the government is being criticised in all quarters and experts have opined that this will certainly increase the property prices. Now, to complete a transfer of property, a seller has to execute a sale deed, which has to be duly registered in the office of the registrar or sub-registrar. The decision will affect the availability of saleable property and will lead to a sharp rise in free-hold prices.
Certain pockets like Rohini, Patparganj, Dwarka and Mayur Vihar will see a decline in transactions, as most of the developments in such locations are group-housing societies which are typically lease-hold. Similarly, property owners in unauthorised colonies, which are now legalised, will face immense hardships. A clear title of a property is rare in such colonies.
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